WEBVTT - Mining in the deep blue

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<v Speaker 1>You're listening to a CNA podcast.

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<v Speaker 1>The Twilight Zone. It might make you think about a

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<v Speaker 1>science fiction film, but in real life, it's actually a

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<v Speaker 1>segment of the ocean between 200 and 1000 m down,

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<v Speaker 1>where sunlight can barely reach deep, murky, sub-aquatic, and it's

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<v Speaker 1>a treasure trove, copious amounts of precious metals hidden in

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<v Speaker 1>its depths.

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<v Speaker 1>Today ahead of the UN's ocean conference, we dig below

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<v Speaker 1>the surface to talk deep sea mining. Hello and welcome

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<v Speaker 1>to Climate Conversations. I'm Jack Ford. Hello to Leing Tan

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<v Speaker 1>as well. Hello. How are you? What's up? Hello, hello.

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<v Speaker 1>I'm doing well. Planning a holiday, maybe to the beach,

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<v Speaker 1>far away from everyone and from you.

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<v Speaker 1>How are you? How are you? I'm just kidding. No,

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<v Speaker 1>not far from you. It's always nice to know we're

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<v Speaker 1>in the same time zone or similar time zone, but

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<v Speaker 1>I am planning a holiday, near the ocean. Lovely, very nice.

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<v Speaker 1>I'm good as well. Now, speaking of holiday and speaking

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<v Speaker 1>of the ocean themes that we're talking about today, do

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<v Speaker 1>you think you might be taking a little scuba dive,

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<v Speaker 1>maybe a little bit of a deep sea.

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<v Speaker 1>Exploration on your upcoming. Yes, I would, but I've actually

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<v Speaker 1>never scuba dived. I'm more of a snorkes into the

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<v Speaker 1>depths of the ocean.

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<v Speaker 1>We're getting a new insight into your personality here. But

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<v Speaker 1>what about the Titan? We, that was in the news

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<v Speaker 1>a couple of years ago. That seemed like a really

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<v Speaker 1>safe and normal journey to undertake. So ladies and gentlemen,

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<v Speaker 1>Jack is being sarcastic. That Titan exploded and everybody died

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<v Speaker 1>in it. So no, Jack, I would not like to

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<v Speaker 1>go in a submersible like the Titan.

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<v Speaker 1>Definitely not. But if there was a safer way, I

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<v Speaker 1>definitely would. Sign me up. OK, you wouldn't I was

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<v Speaker 1>just imagining you in your flippers and your scuba mask

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<v Speaker 1>that was more than.

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<v Speaker 1>I found that amusing. Alright, let's get into it, enough

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<v Speaker 1>of the nonsense.

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<v Speaker 1>Quiz time. Which country was the first to apply for

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<v Speaker 1>commercial deep sea mining rights? Mm. A very simple question.

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<v Speaker 1>Was it China? Was it Papua New Guinea, the United States,

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<v Speaker 1>or Norway? So you've got a few options there. The

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<v Speaker 1>first country to apply for commercial deep sea mining rights. OK,

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<v Speaker 1>I have no idea.

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<v Speaker 1>Let me get back to you. Answer at the end

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<v Speaker 1>of the show.

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<v Speaker 1>OK, it's time for our main story this week. All

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<v Speaker 1>around us, the world functions with the help of precious

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<v Speaker 1>metals like cobalt, gold, nickel, copper, and many others. They're

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<v Speaker 1>in our smartphones, our computers, the batteries of our electric vehicles.

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<v Speaker 1>We kind of need these metals. On land, mining efforts

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<v Speaker 1>have ramped up over time to exploit these riches. Now, increasingly,

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<v Speaker 1>companies and governments are looking for the next frontier, the ocean.

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<v Speaker 1>It's a mineral rich landscape, but the notion of mining it,

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<v Speaker 1>ripping up sometimes ancient sea floors in the pursuit of

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<v Speaker 1>these minerals is highly controversial. We're going to start this

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<v Speaker 1>story in what feels like familiar fashion with the man

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<v Speaker 1>in the White House, Donald Trump.

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<v Speaker 1>Lee Ling, OK, talk us through how and why the

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<v Speaker 1>US president is creating more waves in contention about this topic. Yes,

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<v Speaker 1>President Trump. Now you might have missed this news given

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<v Speaker 1>all that's happening everywhere else and especially coming out of

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<v Speaker 1>Washington on a daily basis, but let me break it down.

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<v Speaker 1>In April, Trump signed an executive order for US agencies

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<v Speaker 1>to expedite seabed mining in American territorial waters and international waters.

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<v Speaker 1>Cue the outrage. Now why this is controversial is that

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<v Speaker 1>essentially every country.

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<v Speaker 1>In the world except the US has signed the UN

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<v Speaker 1>Convention on the Law of the Sea. Now that's a

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<v Speaker 1>broad treaty on all things, oceans and seas, and nations

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<v Speaker 1>are supposed to refrain from mining in the ocean until

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<v Speaker 1>environmental rules and regulations are sorted out. The US is

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<v Speaker 1>not party to the treaty and Trump is jumping the

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<v Speaker 1>gun here and safe to say it has everyone a

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<v Speaker 1>little bit antsy, OK, very antsy, especially as experts and

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<v Speaker 1>government folks prepare.

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<v Speaker 1>Together at this top-level ocean talks in Nice in southern

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<v Speaker 1>France next week. Yeah, yeah. A lot of people pretty

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<v Speaker 1>unhappy with the moves that the US is starting to

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<v Speaker 1>make in this space. Now we might get into what's

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<v Speaker 1>happening at that forum shortly, but let's just tackle why

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<v Speaker 1>this issue is so contentious, why the lobbying efforts for

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<v Speaker 1>exploratory companies seems to be so strong to get this

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<v Speaker 1>industry happening.

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<v Speaker 1>Now to date, basically there's been no commercial deep sea

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<v Speaker 1>mining at all, nothing's really been done, but there have

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<v Speaker 1>been lots of experiments over the past 40 years or so.

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<v Speaker 1>But the plans for fully scaled advanced mining are starting

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<v Speaker 1>to accelerate. So Lee Ling, who are the players in

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<v Speaker 1>this space? Obviously we know that the Americans are part

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<v Speaker 1>of this. Yes.

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<v Speaker 1>They are pushing for an as an early mover into

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<v Speaker 1>the space. The North American companies looking at mining underwater

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<v Speaker 1>close to American Samoa as well as in between Mexico

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<v Speaker 1>and Hawaii. There's a group called the Metals Company, a

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<v Speaker 1>Canadian outfit that has done some pretty serious testing of

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<v Speaker 1>the first so-called.

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<v Speaker 1>Integrated nodule collection system. It has apparently spent about half

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<v Speaker 1>a billion dollars to do so, and it's the first

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<v Speaker 1>company to apply for a US permit. OK, let me

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<v Speaker 1>jump in here because we can't just walk past integrated

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<v Speaker 1>nodule collection system. Never heard of such a thing before

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<v Speaker 1>we were researching this. So what you're talking about here

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<v Speaker 1>is basically a robotic machine.

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<v Speaker 1>That is extracting or sucking up minerals on the ocean floor.

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<v Speaker 1>So you have these highly valuable mineral-rich little rocks, and

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<v Speaker 1>they're called polymetallic nodules. And they're generally just kind of

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<v Speaker 1>sitting on the ocean floor. If you see pictures of this,

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<v Speaker 1>it's pretty surprising. I didn't expect to see the sea

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<v Speaker 1>floor covered in like thousands of little rocks. They're all

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<v Speaker 1>just there, basically ready to be sucked up by the robot.

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<v Speaker 1>And there could be some digging involved.

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<v Speaker 1>As well, and then they're sent through a pipe, which

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<v Speaker 1>is called a riser, up to a waiting ship. So, yeah,

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<v Speaker 1>in short, that's our integrated nodule collection system that hundreds

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<v Speaker 1>of millions of dollars have been spent on to create.

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<v Speaker 1>Great, thank you Jack for that little explainer. A plus

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<v Speaker 1>for that, Jack. Very good. You're welcome. So underwater robots,

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<v Speaker 1>but before you interrupted this with all that tech talk,

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<v Speaker 1>the other big players extend beyond the US. Enter stage right, China.

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<v Speaker 1>Now it was just a couple of weeks ago that

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<v Speaker 1>we saw Beijing holding close talks with the government of Nauru,

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<v Speaker 1>a country in the South Pacific. We spoke about a

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<v Speaker 1>few weeks ago around its passports for sale policy.

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<v Speaker 1>Now, look at Nauru. Nauru coming again. 2 starring roles

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<v Speaker 1>in the podcast in one month. Who would have thought?

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<v Speaker 1>So the countries discussed how to fast track deep sea mining,

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<v Speaker 1>but they also criticized Trump's attempts to circumvent the rules.

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<v Speaker 1>Now China, in quite a few Pacific nations are really

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<v Speaker 1>keen to start extracting part of the Pacific Ocean floor

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<v Speaker 1>called the Clarion Clipperton zone.

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<v Speaker 1>There's an estimated $20 trillion US dollars worth of riches

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<v Speaker 1>down there, apparently, right? Yeah, it's a lot. So you've

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<v Speaker 1>got China, but there's also Japan, South Korea, and India

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<v Speaker 1>also looking to the depths of the Pacific to mine

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<v Speaker 1>its riches. Norway, which you mentioned earlier in the quiz,

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<v Speaker 1>it has

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<v Speaker 1>Its eyes on the Arctic Ocean, and of course, there's

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<v Speaker 1>Russia as well. We cannot discount Russia, of course. Now, Jack,

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<v Speaker 1>tell us what the problem here is though. There's a

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<v Speaker 1>lot of, there's a lot of problem here. Yeah, I

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<v Speaker 1>mean the controversy is largely centered around environmental impact, probably

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<v Speaker 1>not surprisingly.

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<v Speaker 1>As well as the geopolitics. We'll leave that to one

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<v Speaker 1>side for now. Basically, scientists and environment groups widely believe

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<v Speaker 1>that this type of activity will fundamentally impact ocean health.

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<v Speaker 1>This scooping up of minerals will obviously disturb the sea floor,

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<v Speaker 1>it's going to raise sediments, it's going to disturb natural

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<v Speaker 1>habitats of important marine organisms and leave lots of waste.

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<v Speaker 1>So the slurry that gets brought up will be divided

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<v Speaker 1>from the valuable minerals, but then it'll just be dumped

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<v Speaker 1>back into the ocean. So it's a little unknown how

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<v Speaker 1>all of this debris will impact the ocean, which is obviously,

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<v Speaker 1>of course, dynamic, it's a sensitive place, it's under-researched. It's

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<v Speaker 1>not really known how these sediments might impact plankton, for example.

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<v Speaker 1>Um, plankton is highly critical to the functions of the

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<v Speaker 1>oceans and for biodiversity and climate. These organisms help regulate

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<v Speaker 1>carbon as well, for example. So these plumes that are

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<v Speaker 1>created could impact all sorts of marine life, like jellyfish

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<v Speaker 1>that rely on buoyancy and on dolphins that might be

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<v Speaker 1>affected by,

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<v Speaker 1>The persistent noise of mining, other predators as well that

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<v Speaker 1>require vision to hunt. Overall, how mining would impact these

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<v Speaker 1>ecosystems and landscapes just isn't very well known, and the

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<v Speaker 1>scientific community is fairly insistent on a moratorium on commercial

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<v Speaker 1>activity until better research.

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<v Speaker 1>Can be done and safeguards can be put in place,

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<v Speaker 1>which seems logical. So that leads us to the UN

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<v Speaker 1>Ocean Conference which is coming up. Now this is the

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<v Speaker 1>3rd edition of this forum and there's plenty on the

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<v Speaker 1>agenda and of course, this issue of mining will be

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<v Speaker 1>one of them.

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<v Speaker 1>In a nutshell, basically, there are several multilateral agreements that

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<v Speaker 1>need to be sorted out. Of key significance is this

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<v Speaker 1>high seas treaty, which is basically a framework for protecting

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<v Speaker 1>marine biodiversity for 2/3 of the global ocean. Now this,

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<v Speaker 1>of course, won't be easy.

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<v Speaker 1>Then we've got issues and that's a bit of an understatement.

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<v Speaker 1>Then we've got issues around marine pollution, ocean acidification and

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<v Speaker 1>climate change, the sustainable fisheries, green shipping, and lots of

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<v Speaker 1>other marine science and research topics that they need to

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<v Speaker 1>iron out and discuss. Yeah, parties also want to mobilize

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<v Speaker 1>finance for what's referred to as the blue economy.

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<v Speaker 1>Which refers to the sustainable use of ocean resources. So

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<v Speaker 1>another item on the agenda. And our CNA colleague Grace

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<v Speaker 1>Shin recently spoke with Doctor Lizzie McLeod, the global ocean

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<v Speaker 1>director at the Nature Conservancy, about why investing in ocean

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<v Speaker 1>protection is an area that's often overlooked.

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<v Speaker 2>Well, I think that one of the main reasons is

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<v Speaker 2>that a lot of people don't know how incredibly important

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<v Speaker 2>it is. The ocean provides half of the oxygen that

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<v Speaker 2>we breathe. It feeds 3 billion people through the fisheries

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<v Speaker 2>that it supports, and it's been really important in helping

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<v Speaker 2>to buffer the impacts of climate change by absorbing excess heat.

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<v Speaker 2>But it's also super important for our economy. It generates

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<v Speaker 2>over $2.5 trillion annually, and I think a lot of

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<v Speaker 2>people just don't fully appreciate and understand the incredible benefits

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<v Speaker 2>that it provides.

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<v Speaker 1>Doctor McLeod also explained why ocean health is especially important

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<v Speaker 1>in the Asia Pacific

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<v Speaker 1>region.

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<v Speaker 2>I'm standing here in Singapore and I look around and

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<v Speaker 2>this is such a vitally important for marine trade. 90%

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<v Speaker 2>of the trade happens on the ocean.

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<v Speaker 2>But also Asia Pacific is so important for marine biodiversity.

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<v Speaker 2>Over half of the mangroves and over a third of

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<v Speaker 2>the world's coral reefs are found here, and there's more

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<v Speaker 2>biodiversity here underwater than anywhere else on the planet. So

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<v Speaker 2>it's incredibly important from a conservation perspective.

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<v Speaker 2>But it's also so important to the economy. Most of

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<v Speaker 2>the fishers and aquaculture farmers, almost over 80%, are based

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<v Speaker 2>here in the Asia Pacific region. So if we want

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<v Speaker 2>to be protecting and supporting these livelihoods, we have to

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<v Speaker 2>be making sure that the resources and the marine habitats

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<v Speaker 2>that they rely on are protected.

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<v Speaker 1>But work is being done to turn the tide, so

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<v Speaker 1>to speak, and get investments into

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<v Speaker 2>projects. Well, I think the exciting news is that we're

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<v Speaker 2>seeing greater awareness, uh, more engagement from the private sector

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<v Speaker 2>on recognizing that there are investable projects out there. A

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<v Speaker 2>key role for groups like the Nature Conservancy where I

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<v Speaker 2>work is to help build and support a pipeline.

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<v Speaker 2>Of investable projects. So I'll give you an example. We're

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<v Speaker 2>working in Indonesia with our Indonesia team, Yayasan Conservatilanuattara to

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<v Speaker 2>help develop reef positive businesses. So these are ways of

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<v Speaker 2>supporting businesses that are just starting out and incubating them

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<v Speaker 2>so that they're generating revenue, but they're also importantly, helping

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<v Speaker 2>to conserve valuable coral reefs and mangroves around the region.

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<v Speaker 1>And that's Doctor Lizzie McLeod, global ocean director at the

0:13:36.340 --> 0:13:41.219
<v Speaker 1>Nature Conservancy in her recent interview with CNA's Grace Shin.

0:13:41.539 --> 0:13:44.739
<v Speaker 1>So lot's at stake and mining could put a lot

0:13:44.739 --> 0:13:48.890
<v Speaker 1>of this in jeopardy potentially if it's not managed correctly.

0:13:49.219 --> 0:13:53.979
<v Speaker 1>And already we have NGOs including Greenpeace, expressing concern that

0:13:53.979 --> 0:13:57.580
<v Speaker 1>some of the early drafts for the political declaration at

0:13:57.580 --> 0:13:58.380
<v Speaker 1>the UN summit,

0:13:59.010 --> 0:14:03.210
<v Speaker 1>Have removed some of the earlier language that emphasized the

0:14:03.210 --> 0:14:07.650
<v Speaker 1>importance of a precautionary approach to seabed mining. So there's

0:14:07.650 --> 0:14:11.239
<v Speaker 1>no mention, they say, on a moratorium of the industry.

0:14:11.770 --> 0:14:15.169
<v Speaker 1>And generally it seems that there's a weakening of ambition,

0:14:15.210 --> 0:14:18.280
<v Speaker 1>not only on this issue but on other ambitions too,

0:14:18.530 --> 0:14:23.849
<v Speaker 1>like restoring marine ecosystems and building climate resilience. And having

0:14:23.849 --> 0:14:26.650
<v Speaker 1>reported on the UN climate conferences over the years, you

0:14:26.650 --> 0:14:28.250
<v Speaker 1>can't say that this is surprising.

0:14:28.789 --> 0:14:33.150
<v Speaker 1>So many vested interests, geopolitical dynamics, all mixed up in

0:14:33.150 --> 0:14:37.190
<v Speaker 1>these declarations, so just like the seabed itself, it's all

0:14:37.190 --> 0:14:39.369
<v Speaker 1>looking murky indeed.

0:14:41.010 --> 0:14:44.789
<v Speaker 1>OK, back to our quiz question. I hope you've had

0:14:44.789 --> 0:14:47.590
<v Speaker 1>a chance to take a guess at home, but repeating

0:14:47.590 --> 0:14:51.989
<v Speaker 1>the question for you, which country was the first to

0:14:51.989 --> 0:14:56.119
<v Speaker 1>apply for commercial deep sea mining rights? I don't know

0:14:56.119 --> 0:14:59.030
<v Speaker 1>if our main story gave you a clue to this.

0:15:00.039 --> 0:15:05.520
<v Speaker 1>China, Papua New Guinea, the United States, or Norway. I'm

0:15:05.520 --> 0:15:06.760
<v Speaker 1>gonna go with Norway.

0:15:07.659 --> 0:15:16.090
<v Speaker 1>OK. There's Norway. That's correct. It's, it's PNG, Papua New Guinea. So, yeah, the,

0:15:16.340 --> 0:15:21.020
<v Speaker 1>the Solwara, the Solwara 1 was the world's first commercial

0:15:21.020 --> 0:15:25.169
<v Speaker 1>deep sea mining venture. The license was issued back in 2007,

0:15:25.200 --> 0:15:28.299
<v Speaker 1>located in the Bismarck Sea, which is about 30 kilometers

0:15:28.299 --> 0:15:29.869
<v Speaker 1>off the coast of PNG.

0:15:30.849 --> 0:15:35.250
<v Speaker 1>It was targeting hydrothermal vent fields, and they were looking

0:15:35.250 --> 0:15:39.409
<v Speaker 1>for copper, gold, silver, and zinc. Canadian company Nautilus Minerals

0:15:39.409 --> 0:15:43.340
<v Speaker 1>behind this. Again, the Canadians seem to be getting keen

0:15:43.340 --> 0:15:46.640
<v Speaker 1>on these types of projects, but a lot of controversy

0:15:46.640 --> 0:15:49.770
<v Speaker 1>and eventually the whole project collapsed and Nautilus filed for

0:15:49.770 --> 0:15:55.890
<v Speaker 1>bankruptcy in 2019. OK, well, so not easy to get

0:15:55.890 --> 0:15:59.210
<v Speaker 1>down there and mind the riches either.

0:15:59.750 --> 0:16:03.190
<v Speaker 1>Hey, these nodules that you're talking about, right? The pictures

0:16:03.190 --> 0:16:06.070
<v Speaker 1>you saw, are these, these just lie on the seabed.

0:16:06.109 --> 0:16:09.669
<v Speaker 1>They're just there for the taking? Yep, there's some interesting

0:16:09.669 --> 0:16:12.950
<v Speaker 1>science that kind of explains why this happens, this buildup

0:16:12.950 --> 0:16:16.270
<v Speaker 1>of deposits over time. Like it's taken a long time

0:16:16.270 --> 0:16:19.309
<v Speaker 1>for these nodules to appear. It's kind of interesting. It's

0:16:19.309 --> 0:16:22.109
<v Speaker 1>a little bit too scientific, I think for the time

0:16:22.109 --> 0:16:24.469
<v Speaker 1>we have here, but yeah, have a look at them because.

0:16:24.695 --> 0:16:27.005
<v Speaker 1>It's quite surprising that that that exists. Yeah, I'm gonna

0:16:27.005 --> 0:16:30.405
<v Speaker 1>look at the pictures now. OK, great. Thanks. OK, that's

0:16:30.405 --> 0:16:33.604
<v Speaker 1>all for this episode of Climate Conversations. Thank you as

0:16:33.604 --> 0:16:35.924
<v Speaker 1>always for joining us. Get in touch with us. We're

0:16:35.924 --> 0:16:38.205
<v Speaker 1>both on LinkedIn. If you want to say hello. Catch

0:16:38.205 --> 0:16:41.065
<v Speaker 1>you again next week. I'm Lee Ling Tan. Bye for now.

0:16:41.284 --> 0:16:43.244
<v Speaker 1>And I'm Jack Board. Thanks as always as well to

0:16:43.244 --> 0:16:47.034
<v Speaker 1>the team that put together this podcast, Saya Win, Tiffany Ang,

0:16:47.484 --> 0:16:49.755
<v Speaker 1>Janai Jahari, and Christina Roberts.