Skip to Content Facebook Feature Image

ISA advances legal framework to regulate deep-sea mining, preserve ocean governance

China

China

China

ISA advances legal framework to regulate deep-sea mining, preserve ocean governance

2025-06-08 16:25 Last Updated At:16:37

The International Seabed Authority (ISA) will implement legal codes to regulate deep-seabed mineral exploration and exploitation, aiming to curb illegal unilateral actions, according to a senior official.

ISA oversees the management of the international seabed area and its resources. A key responsibility is to promote the sustainable use of deep-sea minerals and other resources while prioritizing the protection of the seabed's ecological environment.

In an exclusive interview with China Central Television (CCTV), Leticia Carvalho, Secretary-General of the ISA, introduced ongoing efforts to strengthen the organization’s framework for monitoring, intervening in, and sanctioning deep-sea mining activities that violate international law, marking a pivotal step toward transforming seabed regulation.

"First, let me make a very bold statement that the International Seabed Authority is very close to finalizing its framework. That's the one that should be universally agreed for exploration and exploitation, the so-called mining code," she said.

"I envisage that sanctions, breaks and permits, once issued, could be used as part of the tool kit of the International Seabed Authority in case of unlawful action. It's important also to say that it's envisaged that peer-to-peer actions and sanctions can also be done, and one state member of the International Seabed Authority that has followed the rules eventually might also take sanctions or measures against a non-state member that has decided to act unilaterally. So this is another layer of possibilities," she added.

Carvalho also urged member states to fulfill their obligations, which will empower the ISA to uphold the rule of law and govern the ocean effectively through the completion of legal codes for deep-sea mining within the year.

"So my message to June 8 and my hope is that member states will deliver their tasks, equipping the International Seabed Authority and the rule of the law and the governance of the ocean through the finalization of the mining code by this year. So then we will have all the pillars of the regime and governance of the oceans, of the ocean in place. And therefore the International Seabed Authority can act as stewardship, as the steward, as the custodian of the sea, deep seabed. And this is for the benefit of all humankind," she explained.

ISA advances legal framework to regulate deep-sea mining, preserve ocean governance

ISA advances legal framework to regulate deep-sea mining, preserve ocean governance

The International Energy Agency (IEA) said on Wednesday that oil reserves in members of the Organisation for Economic Co-operation and Development (OECD) had fallen by a cumulative 163 million barrels since the outbreak of the Middle East conflict, reaching their lowest level since December 1990.

According to the IEA's latest Monthly Oil Report, global observed oil stocks have fallen by an average of 3.8 million barrels per day (mb/d) since the start of the Middle East conflict, including a draw of 143 million barrels in May, mainly due to accelerated releases of emergency stocks.

The report said the memorandum of understanding due to be signed by the United States and Iran this week was an important step toward easing regional tensions and could pave the way for reopening the Strait of Hormuz and lifting the U.S. blockade on Iranian oil traffic.

The IEA forecast global oil supply to fall by an average of 3.9 mb/d in 2026 to 102.4 mb/d, before rising by 8 mb/d in 2027 to 110.3 mb/d. However, unresolved issues, including mine clearance in the Strait of Hormuz and transit arrangements, mean operational and political risks could still weigh on the pace of supply recovery.

The agency said a significant supply overhang could emerge next year. Global oil demand is projected to rise by a relatively modest 2 mb/d to 105.3 mb/d, while supply is expected to increase by about 8 mb/d to 110.3 mb/d.

The surplus could ease market pressures and allow countries to replenish depleted inventories or build strategic reserves as they reassess energy policies in response to the crisis, the IEA said.

IEA says OECD oil stocks fall to lowest since 1990

IEA says OECD oil stocks fall to lowest since 1990

Recommended Articles