Deep-Sea Mining Risks: Financial and Environmental Impacts

Nov 26, 2024 | BRIEFING PAPERS, FINANCE, RECENT NEWS

This comprehensive report delves into the deep-sea mining risks that threaten global biodiversity and financial stability. It underscores the urgent need to align financial decisions with international biodiversity goals to mitigate long-term environmental harm.

Key insights include:

  • Biodiversity at Risk: DSM threatens fragile marine ecosystems, many of which remain poorly understood. The irreversible damage could undermine the health of the ocean. 
  • Financial Implications: With growing investor focus on sustainability, DSM projects present financial and reputational risks. Misaligned with ESG (Environmental, Social, Governance) priorities, DSM investments could face significant backlash.
  • Recommendations: The paper calls on financiers to adopt a precautionary approach, halt investments in DSM projects, and prioritise funding in sustainable alternatives like a circular economy and resource efficiency.

By drawing attention to the ecological and financial risks of deep-sea mining, the report urges action from governments, investors, and civil society to safeguard ocean health and uphold global biodiversity goals.