As more and more households and businesses and governments plan their switch to electric vehicles, considering the ripple effects is as important now as it was in the age of fossil-fueled vehicles:
The electric vehicle boom is driving a surge in demand for prized metals needed for batteries and other components. Some companies say the solution lies in mining the deep oceans, but scientists say that could irreversibly damage a vast, largely pristine ecosystem.
Nauru, lying about halfway across the vast expanse of the Pacific Ocean between Australia and Hawaii, is the world’s smallest island nation. But in the emerging industry of deep-sea mining, it punches far above its weight.
This June, Nauru gave notice to the International Seabed Authority (ISA), the UN agency charged with regulating mining in international waters, that it was triggering the so-called two-year rule: The agency will have to consider any application for a deep-sea mining license two years from now, under whatever regulations are on the books at the time. This effectively forces the ISA’s hand to finalize a regulatory mining code before that deadline. With this latest development, a once-fanciful idea may soon become a global industry. Continue reading