Is the Arctic sufficiently distinctive and uniform to justify adopting a holistic perspective in thinking about the future of the region? Or do we need to acknowledge that the Arctic encompasses a number of different subregions whose futures may diverge more or less profoundly? In the aftermath of the Cold War, a view of the Arctic as a distinctive region with a policy agenda of its own arose in many quarters and played a prominent role in shaping initiatives such as the launching of the Arctic Environmental Protection Strategy in 1991 and the creation of the Arctic Council in 1996. Yet not everyone found this perspective persuasive at the time, and more recent developments have raised new questions about the usefulness of this perspective as a basis for thinking about the future of the Arctic. As a result, some observers take the view that we need to think more about future Arctics than about Arctic futures. Yet, today, climate change provides a central thread tying together multiple perspectives on the Arctic. The dramatic onset of climate change has turned the Arctic into the frontline with regard to the challenges of adapting to a changing biophysical setting. Ironically, the impacts of climate change also have increased the accessibility of massive reserves of hydrocarbons located in the Arctic, contributing to a feedback loop accelerating climate change. This means that the future of the Arctic will reflect the interplay between efforts to address the biophysical and socioeconomic consequences of climate change on the one hand and the influence of the driving forces underlying the political economy of energy development on the other.