A Valuation of the Impact of Deep Sea Mining
LBR conducted research for a management consulting team to value the environmental impacts associated with deep sea mining.
• Name: Management consulting firm
• Size: Mid-size
• Location: London, EU and Indonesia
The client wanted technical support on environmental economics and valuation. The team wanted the work to be conducted within a tight time frame to fit within the timings for an overall project. The client needed a database of relevant environmental economic values obtain across different research studies for six topics: biodiversity, forestry, water, displaced fishing, agriculture and tourism. The team wanted to understand the limitations associated with different sources of information.
Finding relevant environmental economic valuation literature across relevant topics and specifically for issues relating to the deep sea
Finding relevant map based data on fishing areas within the different geographic areas selected for analysis
Coming up with assumptions as to how deep sea mining impacts could be measured and compared against the environmental impacts associated with terrestrial mines.
A valuation database was provided to the client, across specific geographies relating to the following natural capital topics:
• Forest ecosystem services
• Marine ecosystem services
What happened next
The results of LBR's research were used to feed into a larger consulting project assessing the potential impacts of sea mining to meet the need of different metals in the future.