Deep-sea mining rights face contentious debate in Nice

Negotiations over deep-sea mining rights are expected to be contentious at the UN Ocean Conference in Nice, with some nations potentially circumventing international regulations. The economic viability of the practice is also in question. The conference will address concerns about the potential environmental impact of extracting resources like manganese nodules from the seabed, which could damage ecosystems. The US, not bound by international agreements, may proceed with mining, while other nations, including Germany, support a moratorium. Despite the potential for resources needed for the energy transition, the economic benefits of deep-sea mining are uncertain, and major companies have expressed reluctance due to high risks. The legal framework and environmental consequences remain significant concerns.