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Deep-sea mining could cause $500bn in environmental damage – report
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Deep-sea mining could cause $500bn in environmental damage – report

The undertaking is proving not to be financially or environmentally viable. Deep-sea mining could cause up to 25-times more damage to the world’s biodiversity than land-based mining, resulting in $500bn of lost value, according to a new study published on Thursday. Many of the critical minerals needed in the production of electric vehicles (EV) can...

Top environmental fund chief calls on countries to defund activities ‘destroying’ nature
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Top environmental fund chief calls on countries to defund activities ‘destroying’ nature

Top environmental fund chief calls on countries to defund activities ‘destroying’ nature. A new global fund for nature conservation alone won’t do much to solve the biodiversity crisis. This is according to the CEO of the Global Environment Facility. Countries have pledged to channel more money toward environmental protection. But that won’t be enough to...