The Future of Norwegian Deep-Sea Mining: Impacts on the Sustainability Pillars
Abstract
The increasing demand for critical minerals, driven by the global shift towards low-carbon technologies, has intensified interest in deep-sea mining (DSM). This emerging industry presents both opportunities and challenges for Norway, which has identified valuable resources on its continental shelf. However, significant knowledge gaps exist regarding DSM's environmental, social, and economic impacts. This thesis seeks to address these gaps by answering the research questions: What are the challenges and opportunities of deep-sea mining on the Norwegian continental shelf on the three sustainability pillars? Additionally, what management strategies can be employed to ensure viability for stakeholders?
Previous research has highlighted some potential positive and negative risks of DSM in other parts of the world, but there remains a lack of scientific studies focusing on the Norwegian context. This thesis aims to address this gap by providing a balanced assessment of DSM's impacts, thus enabling evidence-based decision-making. To achieve this, the thesis employs a mixed-methods approach, including a cost-benefit analysis, and the development of a triple bottom line tool. This tool provides a range of metrics with relevant information for different stakeholders, such as research communities, regulators, and industry professionals. The major findings indicate that while DSM could offer benefits across all sustainability pillars, the expected costs are deemed too high, especially in the long-term and largely unknown environmental impacts. By addressing the interconnected economic, environmental, and social dimensions, the study highlights the need for sustainable practices to ensure long-term viability for all stakeholders involved.