Uncharted depths: Navigating the energy security potential of deep-sea mining

Abstract

In the context of a global shift towards low-carbon energy systems, this paper provides an in-depth analysis of deep-sea mining's (DSM) potential role in enhancing global energy security. Addressing the growing demand for critical minerals essential for clean energy technologies, electric vehicles (EVs), and energy storage systems, the paper examines how DSM can diversify the global mineral supply and reduce reliance on geopolitically sensitive sources. It explores DSM's capacity to recalibrate energy prices, influence the competitive landscape of clean energy technologies, and shift geopolitical dynamics. The paper delves into the multi-faceted impacts of DSM on energy security, including geopolitical shifts, supply chain diversification, and environmental trade-offs. By providing a holistic view that links mineral supply security to sustainable energy transitions, this study extends beyond prior research focused mainly on the technical and environmental aspects of DSM. The findings illustrate DSM's intersection with international politics, its effect on energy pricing strategies, and the balance between resource exploitation and environmental stewardship. Strategic policy recommendations are offered to optimize DSM's benefits while minimizing its ecological impacts, aligning the emerging DSM industry with global sustainability goals. In addition to identifying challenges, the paper proposes actionable solutions, contributing a unique perspective to the discourse on DSM and energy security.