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N° 85 - Janvier 2017 - Les minerais sous-marins : protéger les écosystèmes,  exploiter les ressources

Addressing the Financial  Consequences of Unknown  Environmental Impacts in Deep-Sea Mining

By Sarah P. HOYT
Independent Consultant
Linwood H. PENDLETON
Univ. Brest, Ifremer, CNRS, UMR 6308, AMURE, IUEM
Olivier THÉBAUD
Ifremer, Univ. Brest, CNRS, UMR 6308, AMURE, Unité d'Économie Maritime, IUEM
and
Cindy Lee VAN DOVER
Duke University, Nicholas School of the Environment, Beaufort, USA

 

The emerging deep-sea mining industry faces an opportunity for tremendous economic gain through the commercial harvest of a variety of high-grade minerals found at great ocean depths around the world. A certain negative consequence of mining, and thus a potential flashpoint for social conflict, lies in the damage to deep-sea ecosystems that will result from these activities. To advance the conversation on managing the economic consequences of currently unknown environmental impacts of deep-sea mining, we develop a typology of potential environmental impacts. We draw on the literature from similar industries to show how others have implemented financial tools – specifically, environmental bonds, environmental insurance, and mutual insurance – to deal with each type of impact. We argue that proper planning is needed to specify and identify the most appropriate mechanism, or combination thereof, that provides adequate financial protection against unknown environmental impacts related to deep-sea mining.

 

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N° 85 - January - Undersea minerals: Protecting the ecosystems, mining the resources

Addressing the Financial Consequences of the Unknown Environmental Impact of Deep-Sea Mining

Sarah P. Hoyt,
Independent Consultant,
Linwood H. Pendleton,
Univ. Brest, Ifremer, CNRS, UMR 6308, AMURE, IUEM,
Olivier Thébaud,
Ifremer, Univ. Brest, CNRS, UMR 6308, AMURE, Unité d'Économie Maritime, IUEM
and
Cindy Lee Van Dover,
Duke University, Nicholas School of the Environment, Beaufort, USA

 

The emerging deep-sea mining industry faces an opportunity for tremendous economic gain through the commercial harvest of a variety of high-grade minerals found at great ocean depths around the world. A certain negative consequence of mining, and thus a potential flashpoint for social conflict, lies in the damage to deep-sea ecosystems that will result from these activities. To advance the conversation on managing the economic consequences of currently unknown environmental impacts of deep-sea mining, we develop a typology of potential environmental impacts. We draw on the literature from similar industries to show how others have implemented financial tools – specifically, environmental bonds, environmental insurance, and mutual insurance – to deal with each type of impact. We argue that proper planning is needed to specify and identify the most appropriate mechanism, or combination thereof, that provides adequate financial protection against unknown environmental impacts related from deep-sea mining.

 

Retour au sommaire


N° 85 - enero 2017 - Minerales submarinos, ¿cómo proteger los ecosistemas y explotar los recursos?

Addressing the Financial Consequences of the Unknown Environmental Impact of Deep-Sea Mining

Sarah P. Hoyt,
Independent Consultant,
Linwood H. Pendleton,
Univ. Brest, Ifremer, CNRS, UMR 6308, AMURE, IUEM,
Olivier Thébaud,
Ifremer, Univ. Brest, CNRS, UMR 6308, AMURE, Unité d'Économie Maritime, IUEM
and
Cindy Lee Van Dover,
Duke University, Nicholas School of the Environment, Beaufort, USA

 

The emerging deep-sea mining industry faces an opportunity for tremendous economic gain through the commercial harvest of a variety of high-grade minerals found at great ocean depths around the world. A certain negative consequence of mining, and thus a potential flashpoint for social conflict, lies in the damage to deep-sea ecosystems that will result from these activities. To advance the conversation on managing the economic consequences of currently unknown environmental impacts of deep-sea mining, we develop a typology of potential environmental impacts. We draw on the literature from similar industries to show how others have implemented financial tools – specifically, environmental bonds, environmental insurance, and mutual insurance – to deal with each type of impact. We argue that proper planning is needed to specify and identify the most appropriate mechanism, or combination thereof, that provides adequate financial protection against unknown environmental impacts related from deep-sea mining.

 

Retour au sommaire

 

 

 

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