Uncharted Wealth and Risks: Legal Analysis of Deep-Sea Mining for Economic and Social Welfare
Abstract
Indonesia has the potential to become an economic powerhouse, with rich resources on land and at sea. The country's marine coastline is rich in natural resources such as minerals, oil, and coal, all of which are necessary for industrial growth. Deep-sea mining, in particular, is gaining popularity due to the enormous unexplored riches beneath the ocean bottom. However, this business is immensely divisive. Proponents say that deep-sea mining can boost national economic growth and bring up new industrial opportunities. Opponents are concerned about the environmental harm it may create. This argument raises serious concerns regarding the ethics and sustainability of deep-sea mining. To address these concerns, this study will examine both sides of the debate and offer solutions for sustainable deep-sea mining techniques.
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