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The ISA's Legal and Technical Commission, which oversees the development of deep sea mining regulations, will meet in early July to discuss the yet-to-be mining code draft.
Tense deliberations over how and if to allow deep sea mining unfolded Monday in Jamaica as at least one company threatened to apply for permission before rules and regulations are in place. More ...
There is a push for deep sea mining to commence by 2025, when regulations by the ISA are expected to be completed. [4] [5] Deep sea mining is also possible in the exclusive economic zone (EEZ) of countries, such as Norway, where it has been approved. [6]
Supporters say deep sea mining will help boost supplies of raw materials like cobalt and nickel, which are needed for the global energy transition, but critics say it could destroy ecosystems and ...
Palau was the first country to call for a moratorium, or precautionary pause, on deep-sea mining until the impact of such a practice is better understood. [62] By July 10, 2023, 17 countries had called for a deep-sea mining moratorium or pause, including Germany, New Zealand, Spain, France, Sweden, Fiji, and the Federated States of Micronesia. [63]
A U.N. agency tasked with regulating the deep sea is debating whether to open the Earth’s watery depths to countries and companies that as of Monday were allowed to start applying for ...
The draft deals primarily with environmental concerns in regard to deep-sea mining and the measures and conditions that aspiring contractors need to fulfil in order to protect the marine ecosystem. [14] The draft further underlines the common heritage of mankind principle and that deep-sea resources be mined in an equitable manner. [14]
Debate over proposed regulations for deep-sea mining will stretch into next year as a U.N. agency that presides over the international seabed concluded its last meeting of the year on Wednesday.