Headline: RIFS Blog January 2021

With the rapid growth of the technology sector over the past decade, the demand for metals such as copper, manganese, cobalt and other rare earth minerals has increased many times over. The deep seabed as a potential source of these minerals seems particularly attractive against this backdrop, especially as industrial deep seabed mining is now close to operationalization.

The world watched with astonishment and horror at the violence unfolding in and around the Capitol as Congress convened to confirm the results of the United States' presidential election. How is it possible, one wonders, that a country whose traditions of democratic government span more than two hundred and thirty years could fall prey to such chaos?

The recent US election has inspired renewed optimism around the prospects of EU and US climate policy. The European Green Deal has positioned the EU at the forefront of climate mitigation, while President-elect Biden hopes to reclaim US leadership in the energy transition with his clean energy plan.

On 20 January 2021, Joe Biden will be inaugurated as the 46th President of the USA. His election has boosted hopes for international efforts to protect the climate. But the recent riots in Washington DC underscore the fact that Biden will be taking the helm of a deeply divided nation – and climate protection promises to be a particularly thorny issue.

Do you remember the 2019 World Economic Forum in Davos? “I want you to panic. I want you to feel the fear I feel every day. And then I want you to act” – that was Greta Thunberg’s impassioned plea to the participants, and the rest of the world. Now, almost two years after her remarkable speech, the international community is celebrating the fifth birthday of the Paris Climate Agreement. On this anniversary, the focus has been firmly on the updates by individual state parties to their Nationally Determined Contributions (NDCs). But there’s little to celebrate: only 21 of 197 states have submitted new or updated plans, excluding most of the major emitters. And concrete climate protection measures are few and far between.