A life more thoughtful

The economic case for deep-sea mining is often presented as a source of public benefit.

A new report by Koinon Consulting, commissioned by Oceans North, the Deep Sea Conservation Coalition, Oceano Azul Foundation, IUCN and Dona Bertarelli Philanthropy, examines whether the financial promises of deep-sea mining stand up to independent scrutiny.

By stress-testing the industry’s own economic projections, the report finds that, in most realistic scenarios, the promised benefits may not materialize, while significant financial risks remain for governments and sponsoring states.

These findings contribute to the growing discussion around a precautionary approach to activities in the deep sea.

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We traveled to Kingston, Jamaica, for the International Seabed Authority’s Assembly and Council sessions. Here’s what stood out to us.

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Next week, the International Seabed Authority (ISA) Assembly opens in Kingston, Jamaica, bringing governments together to discuss the future governance of the deep ocean.
 
Our team will be in Kingston throughout the Assembly and is proud to co-host the second edition of the Deep Sea Dialogues this Saturday, in partnership with IUCN and Oceano Azul Foundation, creating an open space for exchange on the science, economics and governance of the deep seabed.
 
As interest in deep-sea grows, we believe in supporting science-informed dialogue and a precautionary approach while knowledge of its potential environmental, social and economic implications continues to evolve.
 
These remarkable deep-sea species featured in these images are a reminder of how much of this unique ecosystem remains to be understood.

#DeepSea #OceanGovernance #ISA31
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📸Schmidt Ocean Institute ...