The emerging geopolitics of deep-sea mineral mining – The rising need for minerals like copper, nickel, and cobalt is creating new geopolitics.
These are essential for green technologies like electric cars and solar panels. But these minerals are scarce on land, leading countries to explore deep-sea mining.
The ocean floor is rich in these minerals, especially in the Indo-Pacific region. Yet, international laws on deep-sea mining are not clear, causing tension.
Small island nations like Nauru in the Pacific are hopeful but wary. They could benefit from mining but also become pawns in power struggles.
(The emerging geopolitics of deep-sea mineral mining)
International bodies like the UN’s International Seabed Authority are working to set rules.
Yet, they struggle to balance environmental protection and economic gains. China, a leader in terrestrial mining, holds the most deep-sea mining contracts.
This adds to the geopolitical stress.
On the other side, countries are also keen on transitioning to renewable energy. The International Energy Agency predicts a drop in fossil fuel use.
But renewable technologies will need more minerals, fueling the drive for deep-sea mining. The U.S., which hasn’t ratified key maritime laws, is at a disadvantage.
It depends on China for minerals, which weakens its geopolitical stance.
Experts say we still don’t know how deep-sea mining will affect the environment. Therefore, global cooperation is needed.
U.N. Climate Conference
The upcoming U.N. Climate Conference is a platform to build consensus. Nations should aim for responsible mining, keeping environmental risks in check.
Policymakers can set trade rules that favor eco-friendly mining practices. U.S.-China competition is growing, but both should focus on mitigating climate change.
Thus, deep-sea mining is becoming a focal point in international politics. It presents both opportunity and risk.
Striking a balance between mining and environmental protection will be key. So will be global cooperation to update international rules.
This could lessen tensions and pave the way for a more sustainable future.