This page is designed to support ISA Technical Study 31. It is designed for the use of stakeholders as a convenient resource for documentation relating to the issue of equitable sharing of financial and other economic benefits from deep seabed mining, as well as a graphical interface for the model of financial payouts from a future deep seabed mining royalty fund.
Development of rules, regulations, and procedures on the equitable sharing of financial and other economic benefits derived from activities in the Area pursuant to section 9, paragraph 7 (f), of the annex to the Agreement relating to the Implementation of Part XI of the United Nations Convention on the Law of the Sea of 10 December 1982, (July 2021)
This model is designed to support ISA Technical Study 31 on Equitable Sharing of Financial and Other Economic Benefits from Deep-Seabed Mining. That report presents and evaluates three alternative formulae for fair and equitable allocation of a notional sum of royalties available for distribution. The model should be used in conjunction with the report, which discusses in detail the formulae used. Annex 10 of Technical Study 31 also contains a detailed user manual for this model.
In this model, the three alternative formulae are named as follows:
For comparison purposes, the model also outputs the results of distributions using unweighted populations shares, equal division and equal population weights. These are not presented as a basis for equitable distribution, but simply as a point of comparison.
The tab Country_comparison is the primary product. It asks for a few basic model parameter (in the orange boxes) which are pre-filled with default options listed in the report.
The user chooses:
The model output:
All calculations are based on 5-year averages, 2015-2019, of population and GNI data unless otherwise noted. The data are also available from the World Bank, United Nations, and other sources.
|Region Group||Population||Percent of total Population||GNI per capita||wi = [G N l / G N li]n||Least Developed Country (LDC)?||Land locked Developing Country (LLDC)?|