A new independent study by Dr Harvey Mpoto Bombaka (Centro Universitário de Brasília) and Dr Ben Tippet (King’s College London), commissioned by Greenpeace International, reveals that current International Seabed Authority revenue-sharing proposals would return virtually nothing to developing countries — despite the requirement under the UN Convention on the Law of the Sea (UNCLOS) that deep sea mining must benefit humankind as a whole.
Instead, the analysis shows that the overwhelming economic value would flow to a handful of private corporations, primarily headquartered in the Global North.
Download the report:
Equity, Benefit-Sharing and Financial Architecture in the International Seabed Area
Executive Summary: Equity, Benefit-Sharing and Financial Architecture in the International Seabed Area
Discussion
This also releases a bunch op carbo out of the seafloor
This deep sea mining industrie is not just bad but agresieve in enviromental terms
Equity and benefit-sharing in the International Seabed Area remind us that Earth’s resources are a trust for all humanity. This idea echoes the moral guidance of the Quran, especially in SuraheYaseen, which calls for justice, responsibility, and reflection values that should guide institutions like the International Seabed Authority in fair stewardship.