Minerals Report - International Seabed Authority

Minerals Report - International Seabed Authority Minerals Report - International Seabed Authority

05.02.2013 Views

aware of any studies of natural earthquake zones and the location of hydrate deposits. Another participant made the observation that the term slumping as used by Dr. Desa was a little euphemistic because there have been massive failures in some continental margins because of methane hydrates. This participant said that these failures led to the creation of tsunamis. Yet another participant said that it has been estimated that a single methane eruption has the potential to change the composition of the earth’s atmosphere in methane by four (4) per cent. This participant while noting the large amounts of carbon in hydrates spoke about the concerns of the Australian mining industry as they relate to carbon emissions. With regard to hydrate development this participant made the point that since it is the general public that would bear the associated social and economic costs, the information on the potential benefits and risks from developing these resources should be fully brought out. While congratulating Dr. Desa on his statements on bottom simulating reflectors, it was stated by another participant that there are bottom simulating reflectors that are not associated with hydrates. This participant said that the very first BSR that was described by the US Geological Survey in the Bering Sea was not methane related. To this comment, Dr. Desa made the observation that in contrast hydrates could be found with no manifestation of BSR. Another participant noting that Dr. Desa had mentioned glaciation as one of the effects of methane’s release in the atmosphere said that since the glaciation cycle is roughly between 100 to 1000 years. This participant wanted to know why this cycle is not considerably reduced if this effect governed or controlled climate. Dr. Desa responded by stating that the methane released caused an abrupt change in the cycle. With regard to stimulating research funds, one participant recalled that recent drilling by industry in offshore northwest Europe that was directed to looking at BSRs found silicate. This participant said that drilling was to ascertain potential risks in the area and not for the discovery of gas hydrates. This participant stated that this project illustrated how funds could be stimulated from industry for research. INTERNATIONAL SEABED AUTHORITY 570

It was recalled that in Dr. Desa’s closing remarks, he had made a call for some kind of international mechanism to regulate research and exploration for methane hydrates. In this regard, he was asked how much work on hydrates had been conducted in international waters, and whether it would justify the international community to actually consider at this stage making plans to regulate research and exploration activities or whether that could fall within the realm of scientific research. In his response, Dr. Desa said that he had no idea of any work that is being undertaken on hydrates in international waters. It was his belief that almost all work is being conducted in EEZs. He said that his proposal for a global regulatory mechanism is because of the potential dangers from mining this resource. He said that a set of mechanisms or safety procedures for drilling and associated activities would benefit all potential developers because once methane gas is released into the atmosphere control over it is lost. INTERNATIONAL SEABED AUTHORITY 571

It was recalled that in Dr. Desa’s closing remarks, he had made a<br />

call for some kind of international mechanism to regulate research and<br />

exploration for methane hydrates. In this regard, he was asked how much<br />

work on hydrates had been conducted in international waters, and<br />

whether it would justify the international community to actually consider<br />

at this stage making plans to regulate research and exploration activities or<br />

whether that could fall within the realm of scientific research.<br />

In his response, Dr. Desa said that he had no idea of any work that<br />

is being undertaken on hydrates in international waters. It was his belief<br />

that almost all work is being conducted in EEZs. He said that his proposal<br />

for a global regulatory mechanism is because of the potential dangers from<br />

mining this resource. He said that a set of mechanisms or safety<br />

procedures for drilling and associated activities would benefit all potential<br />

developers because once methane gas is released into the atmosphere<br />

control over it is lost.<br />

INTERNATIONAL SEABED AUTHORITY 571

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