On Wednesday, the Council of the International Seabed Authority (ISA) continued consideration of the draft regulations on the exploitation of deep-seabed minerals in an informal format with a view to conveying the outcome as a Council President’s summary to the ISA Legal and Technical Commission.
On the basis of a briefing note on stakeholders’ submissions on the regulations, delegations exchanged views on: a payment mechanism; the role of sponsoring states; and the role and legal status of standards, recommendations and guidelines.
Discussions focused on:
- the scope and approach of the independent financial model;
- options for a revenue- or profit-based payment scheme; and
- the responsibility of sponsoring states, the ISA and contractors, including questions of liability.
For more about the day’s events, read the Earth Negotiations Bulletin daily report.
IISD Reporting Services, through its Earth Negotiations Bulletin (ENB) Meeting Coverage, has provided daily web coverage, daily reports, and a summary and analysis report from the 1st Part of the 24th Session of the International Seabed Authority. The summary and analysis is now available in HTML and PDF.
Photos by IISD/ENB | Francis Dejon
For photo reprint permissions, please follow instructions at our Attribution Regulations for Meeting Photo Usage Page
L-R: Olav Myklebust, Norway, Council President for the 24th Session; Gwénaëlle Le Gurun, ISA Secretariat; and Richard Roth, Massachusets Institute of Technology (MIT)
L-R: Chris Brown, ISA Secretariat; Alfonso Ascencio-Herrera, ISA Legal Counsel and Deputy to the Secretary-General; and Michael Lodge, ISA Secretary-General
L-R: Kathy Ann Brown, Jamaica, in a discussion with Carlos Alberto Michaelsen den Hartog, Brazil
L-R: Didier Ortolland, France, in conversation with Guy Sevrin, Belgium
Mohamed Atlassi, Morocco, reading the ENB
Bird's eye view of the ISA 24th Council