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
Stay updated with the latest Climate news Read Article
 and Dr Ben Tippet (King’s College London), commissioned by Greenpeace International, reveals that current International Seabed Authority…){kind=link}