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