Renewable energy and sustainable food production are high on the international agenda, as is the prospect of expanding activity northwards to Arctic waters. In this article, we review core elements of the marine governance systems for aquaculture facilities and offshore wind farms in Norway and Scotland. Management of these sectors through strategic planning, marine spatial planning and licensing systems furthers rule of law values such as stability and predictability, making investment less risky. The review illustrates how the governance systems also facilitate flexibility and adaptability, balancing predictability considerations against the need to adapt management to natural and economic changes and innovative technologies, or even effective multi-use. This article discusses what endeavours have been made to strike a balance between predictability and adaptability in these sectors in Norway and Scotland. This study of marine management regimes in the Arctic and northern parts of the Temperate Northern Atlantic, and the values underpinning these regimes, provides lessons for the future of the Arctic.