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What becomes of the Old South with the rise of the New North?

Contrary to the usual talk about the rise of the Global South, The New North: The World in 2050 by Laurence Smith argues that climate change will favour the development of the Arctic region, where there is more land than the south. From his RSA talk

In 2050, Northern countries – notably Canada, Russia and Scandinavia – will rise at the expense of southern ones. Patterns of human migration will be dramatically altered – and where we are born will be crucial. But, argues UCLA Professor Laurence Smith, humans are adaptable: and there will be gains as a new world takes shape.

While there is logic in this argument, there is always the danger of a Northern triumphalism behind this story. It has the potential to soothe anxiety about a future where the energies of the Global South might seem to eclipse Europe and North America.