Electric car makers need alternative sources for battery materials, as deep-sea mining talks stall. The attention is on recycling, but the regional industry outside China is nascent. Experts say political will is needed to get the drive on.
Analysts warn that investors are increasingly wary of the biodiversity risks of deep-sea mining, and so mining companies will find it ever harder to secure the billions needed to extract transition minerals from the ocean floor.
Industrial-scale deep-sea mining has not been green-lit after negotiations over the rules for extraction stalled. A new study finds that repairing the seabed after mining it could cost up to US$5.7 million per square kilometre.
Seabed mining can affect fisheries and the flow-on social equity issues need to be addressed.
Katherine L. Seto, Dr Michelle Voyer, Dr Judith van Leeuwen, Dr Holly Niner, Dr Harriet Harden-Davies, Associate Professor Quentin Hanich and Dr Aline Jaeckel
In this exclusive interview to mark Earth Day, Eco-Business speaks to Dr Sylvia Earle, oceanographer and founder of Mission Blue, who draws the link between our climate crisis and the health of our oceans.
Oceanographer Dr Sylvia Earle speaks to Eco-Business in this exclusive podcast about the irreversible damage deep sea mining will cause, the link between the oceans and our global climate, and the role that we can all play in 'being at peace' with nature.