The Arctic is warming twice as fast as everywhere else on the globe, and US officials last month said the Arctic sea ice had reached its lowest winter point since satellite observations began in the late 1970s.
While the polar melt is of major concern because of rising sea levels, it is also opening up new ocean trade routes, and offering the tantalizing promise of untapped offshore oil and gas fields in an energy-hungry world.
US Secretary of State John Kerry today arrived in the town of Iqaluit, on Baffin Island, to meet other ministers from Canada, Denmark, Finland, Iceland, Norway, Russia, and Sweden.
They will be joined by observers from the region's indigenous peoples and nations, including from China.
"The dangers are enormous in terms of sea-level rise and what could happen if Greenland's ice melts," Kerry told the Washington Post yesterday.
While tackling climate change will be high on the US agenda as chair of the Arctic Council, Washington also hopes to improve ocean stewardship, maritime safety and the lives of the Arctic's four million inhabitants.
There are underlying tensions though, as Russia, under global sanctions due to its role in the conflict in Ukraine, begins to flex its muscles in the region.
Russian Foreign Minister Sergei Lavrov won't be at the meeting, with Moscow's environment minister Sergei Donskoi attending instead.
And last weekend, Norway was angered when Russia's deputy prime minister visited its Arctic Svalbard archipelago even though he is banned from Norwegian territory under EU sanctions.
Earlier this month Russian ships also docked at what was once a secret Norwegian naval base in the Arctic, prompting concern.
"The reason that this is so important is because the Arctic is unravelling with major consequences," said Rafe Pomerance, chair of Arctic 21, a coalition of non-governmental organizations working on climate science and policy.
"And it's not well understood how fast its unravelling and what a profound change in the world's climate system this is.
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