The International Seabed Authority is supposed to ensure that profits from the deep sea are shared with all mankind. But so far, a few companies seem poised to take a majority share.
After the international negotiations on deep sea mining, it is worth asking whether this activity could be developed in the future in Chile, a mining country whose sea is almost five times larger than its continental surface. While some say that “it does not make sense”, others suggest that it could be an alternative to reduce land-based mining conflicts.
Proponents say that mining the deep seas will provide a nearly unlimited resource of valuable metals, solving the problem of where to get the materials needed for the green energy transition, with the profits shared by all mankind. However, the pressing question remains: Can we justify the costs?
The International Seabed Authority is supposed to ensure that profits from the deep sea are shared with all mankind. But so far, a few companies seem poised to take a majority share.
After the international negotiations on deep sea mining, it is worth asking whether this activity could be developed in the future in Chile, a mining country whose sea is almost five times larger than its continental surface. While some say that “it does not make sense”, others suggest that it could be an alternative to reduce land-based mining conflicts.
Proponents say that mining the deep seas will provide a nearly unlimited resource of valuable metals, solving the problem of where to get the materials needed for the green energy transition, with the profits shared by all mankind. However, the pressing question remains: Can we justify the costs?
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