Regulations to govern the exploration and extraction of rare earth minerals on the seabed of international waters are being hammered out by the UN’s International Seabed Authority (ISA) despite the reported decision by the US government to go “alone”.
The demand for rare earth minerals, which are needed to make batteries and other technology, is on the increase globally. Jamaica-based ISA is a specialised agency mandated to regulate the deep seabed of international waters, which makes up over 50 per cent of the world’s underwater surface area.
Its 170 Member States are developing a code of conduct to mine for minerals in a sustainable and equitable way which benefits all nations, not just technologically advanced ones. Eileen Travers spoke to the organization’s Secretary-General, Leticia Carvalho, and began by asking her about the status of the code.
Read our explainer on ISA and why it matters now here.
Source of original article: United Nations (news.un.org). Photo credit: UN. The content of this article does not necessarily reflect the views or opinion of Global Diaspora News (www.globaldiasporanews.com).
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