Deep Sea Mining and the Circular Economy Opportunities and Challenges

Deep Sea mining has the potential to play a significant role in the circular economy, which aims to minimize waste and maximize resource efficiency by reusing and recycling materials. By extracting valuable minerals from the ocean, deep sea mining can reduce the reliance on non renewable resources and support the development of a more sustainable and circular economy. Also, there are significant challenges associated with integrating deep sea mining into the circular economy. For example, the recovery of minerals from the ocean floor can generate significant amounts of waste and create new environmental risks. Additionally, there may be concerns about the social and economic impacts of deep sea mining on coastal communities, particularly those that depend on traditional fishing or tourism activities. The bottom of the ocean bed is rich in cobalt rich crusts, polymetallic nodules, polymetallic sulfides, and rare earth rich sediments. There are wide deep sea reserves of Ni, Co, Mn, etc. To maximize the opportunities and minimize the challenges associated with deep sea mining and the circular economy, it is important to develop robust regulatory frameworks that prioritize sustainability and social responsibility. This may include measures such as environmental impact assessments, community engagement and consultation, and the establishment of protected areas to preserve vulnerable ocean ecosystems. This paper discusses the various aspects of deep sea mining skillfully. Manish Verma "Deep Sea Mining and the Circular Economy: Opportunities and Challenges" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-3 , June 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd56278.pdf Paper URL: https://www.ijtsrd.com.com/computer-science/artificial-intelligence/56278/deep-sea-mining-and-the-circular-economy-opportunities-and-challenges/manish-verma