The ENB analysis of the first part of the 25th Session of the International Seabed Authority (ISA) notes that ISA delegates “are in the process of tackling the herculean task of building the legal, institutional, and economic frameworks of an unprecedented expedition. The final outcome of the deliberations, the draft regulations on exploitation of mineral resources in the Area, will govern future relevant activities in the oceans. Their development will need to ensure environmental protection and simultaneously balance stakeholders’ interests.”
The analysis concludes highlighting that “a long-standing negotiator emphasized, ‘We have the opportunity to get it right. We have the opportunity to show the world that fair benefit-sharing can take place. And furthermore, together with the forthcoming UN Ocean Decade, it is our best chance to attract attention to the oceanic ecosystems, an invaluable part of life on Earth’.” Read the ENB summary to learn more about the deliberations that took place last week in Jamaica. [Read full report]
