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circus theme party This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Read this article for free: Already have an account? To continue reading, please subscribe: * This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Read unlimited articles for free today: Already have an account? This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. ___ Author: Elizabeth Steyn, Assistant Professor of Law, Faculty of Law, University of Calgary The debate around deep seabed mining has been gaining attention as concerns mount about its potential impacts on ocean ecosystems. The ocean is host to countless species yet to be discovered, some of which could hold the key to breakthroughs in medicine. The impacts of deep seabed mining on ocean biodiversity are still uncertain. At worst, we face losing species without ever knowing them. For instance, one type of mining targets hydrothermal mounds, which are known to be unique ecosystems filled with extremophiles — sea life that has adapted to extreme conditions of heat and toxicity to thrive. It has long been known, then, that deep seabed mining is potentially bad news for ocean life. But deep seabed mining proponents use the language of “necessary sacrifice” to argue that the energy transition “will require trade-offs” for access to the necessary metals. This juxtaposition of biodiversity and the energy transition is a half-truth. While the climate and biodiversity crises are intertwined, we should beware of pitting one against the other. Yet this is exactly what proponents of deep seabed mining are doing. Into this fray come two recent studies published by Planet Tracker, a non-profit think tank focused on sustainable finance. In Race to the Bottom, Planet Tracker concludes that countries would receive minimal financial benefits from deep seabed mining. Mining for Trouble cautions that deep seabed mining would entail huge losses for mining economies. Before delving into the economics of deep seabed mining, it would be useful to understand where the demand is coming from. Energy transition 101 The basic building blocks of the energy transition are critical minerals. These are also known as critical energy transition minerals or critical raw materials. Battery metals such as nickel, cobalt, copper and manganese are particularly important, as they are used to power electric vehicles. With electric vehicle adoption expected to surge by 2040, demand for battery metals is projected to rise dramatically, which will likely lead to an increase in mining. According to the International Energy Agency, clean energy technology minerals are set to triple by 2030 and quadruple by 2040 in a net-zero energy scenario. But the accessible ores of many metals have already been mined. As a result, land-based mining is becoming more technically complex, geographically remote or complicated for other reasons. ‘Battery in a rock’ On the abyssal plains of the deep seabed, there are billions of tons of polymetalic nodules — metal-dense nodes containing nickel, cobalt, copper and manganese. Deep seabed mining organization The Metals Company has dubbed them “a battery in a rock” and plans to begin mining operations in the Clarion Clipperton Zone of the Pacific Ocean in June 2025. To date, issues raised about deep seabed mining mostly concern the lack of a governing regulatory framework, as well as uncertainties about its environmental, ecological and biodiversity impacts. Economic and social risk estimates have mainly focused on impacts to coastal communities who depend on fishing for their livelihoods. The recent Planet Tracker studies change this by highlighting the economic impacts of deep seabed mining. Economic impacts of deep seabed mining Deep seabed mining presents a number of financial challenges. One concern is the potential impact on metal prices. Flooding the metals markets with ocean-mined metals would likely drive down the price of the metals, which would impact the financial viability of the land-based mines that are currently producing them. There are also doubts about the demand for these metals in the quantities predicted. Battery technology is advancing rapidly, with alternatives like lithium iron phosphate batteries — used in 40 per cent of electric vehicles sold in 2023 — eliminating the need for cobalt and nickel. Emerging sodium-ion batteries are set to remove the need for copper. The financial benefits to the International Seabed Authority — an international organization that regulates mining in most of the world’s oceans — would also be marginal. Projections estimate that annual royalties distributed among member countries to the United Nations Convention on the Law of the Sea (UNCLOS) would range from US$42,000 to US$7.35 million. This amount reflects both deep seabed mining corporate income tax and royalties. In comparison, mining economies would lose more than US$560 billion annually in export earnings. This discrepancy arises because deep seabed minerals don’t belong to any jurisdiction and thus cannot be similarly taxed. Regulatory hurdles To obtain exploration licences for deep seabed mining, UNCLOS requires member states to sponsor a mining operator. While sponsoring states can impose royalties on operators, some arrangements, such as those involving The Metals Company and Nauru, are part of agreements that include no corporate income tax. This, Planet Tracker cautions, can give rise to a “race to the bottom” where member states vie to give operators the most favourable terms. Sponsoring states also face financial risks and can find themselves liable for large amounts when they can least afford it. Papua New Guinea, for example, was left to cover AU$157 million when Nautilus Minerals collapsed. Finally, the financial viability of deep seabed mining itself is questionable. Even if profitable, the environmental remediation costs for deep seabed mining could exceed the value of any metals mined — and the damage may not even be reversible. These financial and ecological concerns paint a bleak picture. Our oceans fulfil an important planetary role, both in terms of climate and in terms of biodiversity. Should we really disturb this balance with deep seabed mining when the numbers don’t even add up? ___ Elizabeth Steyn previously received funding from the United Nations Environment Programme (UNEP). She is affiliated with the Prospectors and Developers Association of Canada (PDAC), the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and the Natural Resources Law Teachers Institute (NRLTI). She is a board member of the Canadian Institute of Resources Law (CIRL), a Fellow of the Centre for Military, Security and Strategic Studies (CMSS) and an International Committee Member of the Foundation for Natural Resources and Energy Law (FNREL). ___ This article is republished from The Conversation under a Creative Commons license. Disclosure information is available on the original site. Read the original article: https://theconversation.com/deep-seabed-mining-bad-for-biodiversity-and-terrible-for-the-economy-243893 Advertisement AdvertisementARLINGTON, Virginia , 23. Dezember 2024 /PRNewswire/ -- Die Consumer Technology Association (CTA) ® begrüßt Linda Yaccarino , CEO von X Corp, der weltweit größten Online-Nachrichten- und Social-Networking-Website, als Hauptrednerin auf der CES ® 2025 . Yaccarino wird am Dienstag, dem 7 . Januar, um 13.30 Uhr im Palazzo Ballroom im Venetian mit der mit einem Emmy ausgezeichneten Enthüllungsjournalistin Catherine Herridge in einer Keynote-Diskussion zusammentreffen. Als transformative Führungspersönlichkeit und Visionärin sorgt Yaccarino als CEO von X Corp. für Aufsehen, wo sie an vorderster Front die Zukunft der digitalen Kommunikation mitgestaltet. Unter ihrer Leitung entwickelte sich X zu einer dynamischen Plattform, die globale Gespräche und innovative Lösungen für Marken, Kreative und Gemeinschaften gleichermaßen fördert. „X ist die globale Nachrichtenredaktion, zu der man immer und überall Zutritt hat. Es ist der einzige wirkliche Ort für einen freien Dialog zwischen allen – der Öffentlichkeit und den Mächtigen der Welt", sagte Yaccarino. „Die CES ist der perfekte Ort, um zu zeigen, wie wir das gesamte Ökosystem komplett umgestalten." „Die Karriere von Linda Yaccarino ist ein Beispiel für den Geist der CES – Innovation, Resilienz und Vision", sagte Gary Shapiro , CEO der CTA. „Ihre Führungsqualitäten und ihre Beiträge zur Medien- und Tech-Welt machen sie zur idealen Partnerin, um unser Publikum zu inspirieren und herauszufordern, mutig über die Zukunft nachzudenken." „Linda Yaccarino ist eine Pionierin, und ihre Keynote auf der CES 2025 wird zweifellos wichtige Gespräche über die sich entwickelnde Landschaft der Content-Erstellung, über soziale Plattformen und darüber anregen, wie Technologie Urhebern und Gemeinschaften zum Erfolg verhilft", sagte Kinsey Fabrizio, President der CTA. Catherine Herridge wird Yaccarino interviewen. Herridge, ehemals bei CBS News, ist eine unabhängige Journalistin mit einem wachsenden Publikum von mehr als 850.000 Followern auf X. Sie ist eine starke Verfechterin des ersten Verfassungszusatzes der USA und einer freien Presse. Die Keynote wird auf Live.CES.Tech, X , Facebook , YouTube , und LinkedIn gestreamt. Neben X Corp werden auch Panasonic Holdings , NVIDIA , Accenture , Volvo Group , Delta, und Waymo auf der CES 2025 Keynotes halten . Registrieren Sie sich jetzt für die CES 2025. Einzelheiten und das Programm finden Sie unter CES.tech . Informationen zur CES ® : Die CES ist das wichtigste Technologieereignis der Welt – der Prüfstand für bahnbrechende Technologien und globale Innovatoren. Hier schließen die größten Unternehmen der Welt Geschäfte ab und treffen neue Partner. Auf der Bühne haben die klügsten Innovatoren das Wort. Die CES, die von der Consumer Technology Association (CTA)® ausgerichtet und produziert wird, umfasst alle Aspekte des Technologiesektors. Die CES 2025 findet vom 7. bis 10. Januar 2025 in Las Vegas statt. Weitere Informationen finden Sie unter CES.tech ; folgen Sie der CES auch auf den Social Media -Kanälen. Über die Consumer Technology Association (CTA) ® : Als Nordamerikas größter Technologiehandelsverband ist die CTA der IT-Sektor. Zu unseren Mitgliedern gehören die weltweit führenden Innovatoren, von Startups bis hin zu globalen Marken, die allein in den USA mehr als 18 Millionen Arbeitsplätze unterstützen. Die CTA ist Eigentümerin und Produzentin der CES® – der wichtigsten IT-Veranstaltung der Welt. Sie finden uns unter CTA.tech . Folgen Sie uns @CTAtech . Foto - https://mma.prnewswire.com/media/2586888/Linda_Yaccarino_Headshot.jpg Foto - https://mma.prnewswire.com/media/2586889/Catherine_Herridge_Headshot.jpg Logo - https://mma.prnewswire.com/media/2520236/CESLogo_CLR_RGB_Logo.jpgWell-known broadcast journalist Chuck Scarborough has announced his plan to retire next month after working for over 50 years as a news anchor at NBC 4 New York, leaving with a record as the longest-employed reporter at the network. Scarborough began his tenure with WNBC on March 25, 1974, anchoring the 6 PM and 11 PM weekday news from Studio 6B in 30 Rockefeller Center, where the “The Tonight Show Starring Jimmy Fallon” is currently broadcasted. He stepped away from WNBC’s 11 PM anchor chair after more than 42 years in 2016, but remained a co-anchor for the 6 PM daily newscast, working alongside co-news anchor Natalie Pasquarella, lead sports anchor Bruce Beck and meteorologist Janice Huff. “In a city and business that are constantly changing, Chuck has been the rock of 30 Rock, guiding viewers and news teams for half a century,” said Amy Morris, Senior Vice President of News for NBC 4 New York and Telemundo 47. “As he starts a new chapter, we honor Chuck by building on his legacy to make WNBC a force for the next 50 years.” On March 25 of this year, Scarborough celebrated his golden anniversary with WNBC in a series of commemorative events. including the ceremonial lighting of the Empire State Building in his honor. “Chuck Scarborough is the gold standard in American broadcast journalism. His skills as an anchor, reporter and newsroom leader are unmatched – and he is a pretty special guy off-camera too,” said Eric Lerner, President and General Manager of NBC 4 New York. “We are fortunate that after Chuck’s last newscast next month, he will return to his News 4 New York family from time to time and report on special projects.” In a press release, WNBC shared exclusive, archived video content from Scarborough’s career, which is available by visiting nbcnewyork.com/chuck . Scarborough’s last day anchoring at WNBC is scheduled to be Thursday, Dec. 12 at 6 p.m. Yet, the news outlet said he “will continue to be a part of the WNBC family and provide special reports and contributions to special station projects and programming.” His successor for the 6 PM broadcast will be announced at a later date. “There is only one word: gratitude,” said Scarborough in a public statement. “Our WNBC viewers welcomed me into their homes for more than 50 years, trusting me to present the news free of any agenda, faithful to the fundamental principles of accuracy, objectivity and fairness—and to bring them vital, timely information during our darkest and brightest hours. That has been an extraordinary honor.”

FRESH PROTESTS AS CHAPO DECLARED WINNERBotanical and Plant-Derived Drugs Market to grow by USD 20.93 Billion (2024-2028), driven by government initiatives, with AI powering market evolution - Technavio

Was Friday's double dose of good news a turning point for the stock market?Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login The speculative retail frenzy, the relentless AI disruption, the out-of-this-world crypto rally. In a year full of shocks and surprises, global markets offered investors opportunities to flourish — or flop — in equal measure. Leveraged trades in August briefly blew up. Wall Street’s big gamble on Donald Trump paid off. Hedge funds with complex strategies took hits. Investors who kept it simple — in cash or tech stocks — proved smart. Bloomberg Wealth Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Follow the topics, people and companies that matter to you. Fetching latest articles

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