Turning points in the future of deep-seabed mining
The paper analyzes the prospects for deep seabed mining largely from the legal and political perspectives. It identifies the major players, the forums where the struggles occur, the early assumptions, and then four turning points in the evolution of the current system. The first turning point came when the U.N. Convention was adopted, the United States voted against it. The second turning point came with the deadline for signing the U.N. Convention and qualifying to sponsor a pioneer investor. The third turning point will come when the pioneer investors resolve their overlapping mine site claims and are registered by Prepcom. The fourth turning point will come when Prepcom is able to resolve some of the important outstanding issues. The paper concludes with some recommendations for bringing the institutional machinery and legal framework into such order that deep seabed mining might take place.
- Research Organization:
- Council on Ocean Law, Washington, DC
- OSTI ID:
- 7143437
- Journal Information:
- Ocean Dev. Int. Law; (United States), Journal Name: Ocean Dev. Int. Law; (United States) Vol. 17:4; ISSN ODILA
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
290400* -- Energy Planning & Policy-- Energy Resources
AGREEMENTS
INSTITUTIONAL FACTORS
INTERNATIONAL AGREEMENTS
INTERNATIONAL LAWS
INTERNATIONAL ORGANIZATIONS
LAWS
LEGAL ASPECTS
MINERAL RESOURCES
POLITICAL ASPECTS
RESOURCE DEVELOPMENT
RESOURCES
SEA BED
UNITED NATIONS