Implementing Precaution in Benefit-Cost Analysis: The Case of Deep Seabed Mining

Kerry Mace Krutilla, David Henning Good, Michael Toman () and Tijen Arin

No 9307, Policy Research Working Paper Series from The World Bank

Abstract: The cumulative extraction of terrestrial mineral deposits has led the mining industry to begin exploring seabed resources. The prospect of commercialized seabed mining poses major regulatory challenges for the International Seabed Authority and countries with mineral resources in their coastal jurisdictions. The European Union and the World Bank have initiated projects to build capacity to manage seabed mining activities. A particular concern is the nature of the economic evaluation that should be required for the assessment of mining leases. This study reviews the academic literature on economic decision making under deep uncertainty and makes recommendations for incorporating precautionary measures within the benefit-cost analysis of seabed mining operations.

Keywords: Mining&Extractive Industry (Non-Energy); Global Environment; Hydrology; International Trade and Trade Rules (search for similar items in EconPapers)
Date: 2020-06-29
New Economics Papers: this item is included in nep-env and nep-ppm
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://documents.worldbank.org/curated/en/98843159 ... ep-Seabed-Mining.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:9307

Access Statistics for this paper

More papers in Policy Research Working Paper Series from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Roula I. Yazigi ().