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On 9 January 2024, the Norwegian Parliament (Stortinget) endorsed the government's proposal to allow exploration for the possible extraction of seabed minerals on the Norwegian continental shelf. Extraction licences for businesses will require further parliamentary approval. The aim is to mine important critical raw materials that are increasingly needed for the green and digital transitions, and the defence and aerospace sector. However, these developments have raised concerns in the country and ...

Exploration and exploitation of the deep-seas in search of marine minerals and genetic resources have over the past fifteen years received increased attention. Developments in sub-marine technologies, rising raw material prices and scarcity, and advancements in biotechnology, are changing the business-case for further investments in the marineenvironment.This report provides a state-of-play overview on exploring and exploiting deep-sea resources. A Cost-Benefit Analysis identifies the main potentials ...