The wide open possibility of the high seas

2024-12-24 09:39:02 source: category:Finance

What is owned by nobody but everybody shares? The high seas!

These international waters 200 nautical miles from shore are part of the global commons. That means everyone on Earth owns them. But it also means no country is responsible for oversight or maintaining them.

After 15 years of negotiation, an international agreement is in place on how to balance the needs of the ecosystem with the interests of industry — who see the high seas as an ocean of economic opportunity.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Finance

Recommend

Diddy's ex-bodyguard sues rape accuser for defamation over claims of 2001 assault

A bodyguard who was named in a September lawsuit that alleged he and Sean "Diddy" Combs "viciously r

Georgia political group launches ads backing Gov. Brian Kemp’s push to limit lawsuits

ATLANTA (AP) — A political group linked to Georgia Gov. Brian Kemp says it is launching an ad campai

The military is turning to microgrids to fight global threats — and global warming

SAN DIEGO — Col. Thomas Bedell had been commanding Marine Corps Air Station, Miramar in San Diego fo