🆕 Planet Tracker report provides financial institutions with recommendations for developing investment and financing policies to protect themselves from the environmental and financial risks of #DeepSeaMining. Previous Planet Tracker reports flagged the significant financial risks from the industry, including the potential to put at risk billions of USD of corporate value and export earnings per year for the countries most dependent on mining copper, cobalt, manganese and nickel on land. Planet Tracker suggests financial institutions adopt all three of the following recommendations to protect themselves from these risks: 🌊 Support a moratorium on deep-sea mining 🚫 Develop a publicly disclosed policy on deep-sea mining 🔋 Engage with sectors that could use deep sea minerals like solar and wind power, electric vehicles, consumer electronics and steel. https://lnkd.in/eFWAZ2-6 #DefendTheDeep
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Thanks for sharing our research!