To address the emerging challenges identified within the IPY, a new and novel framework for long-term cooperation between the stakeholders with mandate and interest in the Polar Regions, entitled “International Polar Initiative” (IPI), has been proposed. An International Steering Group is currently developing the concept for this long-term initiative. Based on the input from various international organizations and communities, the Steering Group is aiming at designing a common implementation plan for the development of observing systems, research, services, related education and outreach, and practical applications of scientific knowledge in the Polar Regions.