Norway to mine part of the Arctic seabed

At a Glance 26-01-2024

On 9 January 2024, the Norwegian Parliament (Stortinget) endorsed the government's proposal to allow exploration for the possible extraction of seabed minerals on the Norwegian continental shelf. Extraction licences for businesses will require further parliamentary approval. The aim is to mine important critical raw materials that are increasingly needed for the green and digital transitions, and the defence and aerospace sector. However, these developments have raised concerns in the country and beyond, as the practice risks hurting the deep-sea ecosystem, the fishing industry and coastal communities.