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An open-ended working group of the Council was created in July 2018 to discuss a financial model and payment mechanism for deep-sea mining. The group is chaired by Mr. Olav Myklebust (Norway) and has held four meetings to discuss the various options and associated rates of payment.
At its last meetings in February 2020, the Council of the International Seabed Authority invited all stakeholders to submit comments to the secretariat by 23 March 2020, for the purpose of further refining the assumptions of the system of payments and associated rates of payment. Comments received by the Secretariat as of 6 April 2020 have been compiled in this document.
Comparative Analysis of the Financial Aspects of Seabed Mining and Land-Based Mining
Studies requested by the Council concerning the financial model
Presentation of the studies (webinar on 28 October 2020)
Social Discount Rate
The informal working group on the protection and preservation of the marine environment is one of the three informal working groups that the Council of ISA decided to establish at the first part of the twenty-sixth session. Ms. Raijeli Taga (Fiji) was appointed as facilitator.