Deep sea mining puts $560 billion in land extraction at risk — report
Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.
The European Union reached a deal on measures to become more self-sufficient in the key raw materials it needs to help power the clean energy transition.
Negotiators from the EU parliament and member states brokered an agreement on boosting domestic mining and reducing dependency on any one country for raw materials that are vital to the production of products ranging from batteries to solar panels, according to a statement.
“The Critical Raw Materials Act — that I presented eight months ago — will increase Europe’s resilience and economic security,” Thierry Breton, the bloc’s internal market commissioner, said in a post on the social network X.
The focus of discussions will now turn to the other key pillar of the EU’s bid to re-shore the clean-tech sector: the Net Zero Industry Act. France has been pushing for more recognition of nuclear power as one of the main technologies the EU should focus on boosting.
The deal includes:
(By John Ainger)
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