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+--- Thread: Ocean mining agreement? (/showthread.php?tid=12660)
Ocean mining agreement? - sycamoresouth - 03-07-2023
Is this what we've been waiting for?
https://www.cnn.com/2023/03/04/world/un-oceans-treaty-biodiversity-climate-intl/index.html
RE: Ocean mining agreement? - LongNautilus - 03-07-2023
I believe this treaty needed to pass prior to the International Seabed Authority finalizing / issuing the mining extraction code this July 2023. Each has been a 20+ year project so it's a big deal to get to this point. Thanks Sycamore!
From Barons article:
"The text specifies that it will apply to ocean beyond countries' exclusive economic zones (EEZ), which extend to a maximum of 200 nautical miles (370 km) from the coasts.
It also covers what is known as "the Area", shorthand for seabed and subsoil beyond the limits of national jurisdiction. The Area comprises just over half the planet's seabed.
In principle these measures apply to fishing and mining, although the treaty's decision-making body -- the Conference of the Parties (COP) -- will have to navigate the authority of other regional and global organisations.
Chief among these are regional fisheries bodies and the International Seabed Authority, which currently oversees permits for deep sea mining exploration in some areas and may soon make the controversial move of allowing companies to begin mining."
Full article: https://www.barrons.com/news/new-treaty-plots-conservation-course-for-high-seas-f5c6f50
RE: Ocean mining agreement? - LongNautilus - 03-11-2023
High Seas Treaty exempts deep-sea mining from stricter rules - Islands Business
https://islandsbusiness.com/news-break/high-seas-treaty-exempts-deep-sea-mining-from-stricter-rules/