The Arctic is arguably the most rapidly changing area on Earth. The region’s potential to transform global ecosystems, shipping and trade routes, energy markets, and other commercial sectors is vast. Already, melting ice sheets have triggered worldwide geostrategic maneuvering. By US estimates, the Arctic may hold 13% of the world’s undiscovered oil and 30% of its untapped gas, as well as large deposits of minerals including iron ore, zinc, and gold. Arctic countries have nonetheless worked collaboratively on economic, navigation, and political issues. This “Arctic model” of cooperation could be replicated in the Himalayas region, where geopolitical obstinacy is hindering effective transborder resource allocation. Join the President of Iceland Ólafur Ragnar Grímsson for a global look at critical ice and water issues in the 21st century.