Headline: A comprehensive approach to the payment mechanism for deep seabed mining

The International Seabed Authority (ISA) is presently developing regulations (the “Mining Code”) to govern the exploration and exploitation of mineral resources of the international seabed (or “Area”). Whilst the financial mechanism is a critical component of this Mining Code, its development has been delegated to the Open-Ended Ad Hoc Working Group of the Council. These informal discussions have prioritized a model that gives preference to enabling mining over delivering fair compensation for the loss of resources. This policy brief argues that a fundamentally different and comprehensive approach is required and outlines some of its key components.

Publication Year
2021
Publication Type
IASS Policy Briefs
Citation

Thiele, T., Damian, H.-P., & Singh, P. (2021). A comprehensive approach to the payment mechanism for deep seabed mining. IASS Policy Brief, 2021(1).

DOI
10.48440/iass.2021.004
Links
https://publications.iass-potsdam.de/rest/items/item_6000737_3/component/file_6…
Staff involved
Projects involved
Deep Seabed Mining - Test Mining and Fair Benefit Sharing