The United Nations is set to issue its first deep-sea mining permits, sparking concerns about the potential harm to fragile ecosystems. The International Seabed Authority has issued 31 exploration permits, but none for actual removal of ore. The Metals Company has applied for the world’s first deep-sea mining permit, citing frustration with the lack of regulations. Scientists and conservationists warn that deep-sea mining could scar the seafloor for decades and harm the deep ocean’s ecosystems.
Forecast for 6 months: The United Nations is expected to issue its first deep-sea mining permits within the next 6 months, paving the way for commercial exploitation of the seafloor. This will lead to increased pressure on the International Seabed Authority to develop regulations to protect the deep ocean’s ecosystems.
Forecast for 1 year: The Metals Company is likely to receive the world’s first deep-sea mining permit within the next year, marking a significant milestone in the history of deep-sea mining. This will lead to increased investment in the industry and potentially more exploration permits being issued.
Forecast for 5 years: The deep-sea mining industry is expected to expand significantly within the next 5 years, with multiple companies operating in the sector. However, this will also lead to increased concerns about the environmental impact of deep-sea mining and the need for more stringent regulations.
Forecast for 10 years: The deep-sea mining industry is likely to become a major player in the global mining sector within the next 10 years, with the potential to supply a significant portion of the world’s demand for critical minerals. However, this will also lead to increased pressure on the International Seabed Authority to develop more effective regulations to protect the deep ocean’s ecosystems.
