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August 9, 2023

Why deep-sea mining remains a contentious issue for investors and policymakers

Ocean floor_seabed
Negotiations on a mining code are set to continue and will include a motion on how the marine environment would be protected if mining of the seabed does go ahead (Photo: Addictive_Stock/Envato)

The International Seabed Authority’s failure to agree on a mining code highlights the divisions over the prospects of scraping minerals off oceans’ floors in a bid to fund the green transition.

The quest for minerals needed to reduce economies’ reliance on fossil fuels has intensified the debate on a topic until recently largely overlooked: deep-sea mining.

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