House view

New this month

US President Donald Trump has signed an executive order looking to increase deep sea mining. Only about 20% of this resource has been chartedbut predictions estimate that it could host between one to ten million species, with fewer than 250,000 identified so far. However, the deep sea also contains polymetallic nodules, which are mineral-rich deposits of cobalt, nickel, and rare earth elements essential for EV production.

Did you know?

  • The US has about 16% of the total voting power on the World Bank’s International Bank for Reconstruction and Development, followed by Japan, China, Germany, France, and the UK.
  • Following the US's previous withdrawal from the Paris Agreement, US electricity generation from coal dropped 22% (excluding pandemic-era generation), according to US Energy Information Agency and Ember data.

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