Norway is positioned to make history as the first country to embark on commercial seabed mining.
Norway is on track to be the world's first to launch commercial seabed mining, with its minority government and two opposition parties approving Arctic seabed exploration.
Support for seabed mining represents a strategic shift in resource procurement, addressing Europe's supply of critical minerals for green technologies and reshaping the mining industry's environmental and legislative landscape.
"We need to have a fact- based evaluation of deep sea minerals as a provider of critical minerals for the green energy transition," said Walter Sognnes, CEO of seabed mining startup Loke Marine Minerals.
Parliament’s final decision on full-scale mining awaits, potentially setting a global precedent for seabed mining initiatives and environmental policies.
Environmental concerns loom large, with debates on marine ecosystem impacts and long-term sustainability.
This initiative intersects critical global issues: the need for sustainable sources of minerals for green technologies, the challenge of environmental protection and long-term sustainability, and geopolitical tensions over Arctic resources.
<script type="application/ld+json">
{
"@context": "https://schema.org",
"@type": "Article",
"mainEntityOfPage": {
"@type": "WebPage",
"@id": "https://www.themoney.game/stories/norway-sets-course-to-commercially-scale-seabed-mining"
},
"headline": "Norway Sets Course To Commercially Scale Seabed Mining",
"description": "Norway is positioned to make history as the first country to embark on commercial seabed mining.",
"image": "",
"author": {
"@type": "Organization",
"name": "The Money Game",
"url": "https://www.themoney.game"
},
"publisher": {
"@type": "Organization",
"name": "The Money Game",
"logo": {
"@type": "ImageObject",
"url": ""
}
},
"datePublished": "2023-12-06"
}
</script>