Justification and selection of investment projects for the development of the Arctic, taking into account the interests of traditional nature management

The article contains consideration of the issue of sustainable regional development of coastal areas of the Arctic, and also discusses the issue of rational use of agricultural land in the conditions of industrial development of the Arctic. The current state of land use during of the Arctic is analyzed. Theoretical and methodological approaches to the typology of Arctic territories are substantiated. There are many evaluation criteria for the selection of exploration and mining projects, infrastructure development, including projects for agricultural production, traditional crafts, local authorities and indigenous peoples. Priorities for investment projects will be determined based on many multifaceted criteria and interests of stakeholders involved. An algorithm for assessing and selecting projects will be proposed, and priorities for the implementation of these investment projects will be determined based on a complex set of socio-economic, environmental and climatic factors. The developed scientific tools, the algorithm for evaluating and selecting investment projects is implemented on the example of the development of coastal Arctic territories and allows for the formation and selection and implementation of investment projects taking into account the types of territory, the development of agricultural production.