Antarctica - Economy

Economy

Although coal, hydrocarbons, iron ore, platinum, copper, chromium, nickel, gold and other minerals have been found, they have not been in large enough quantities to exploit. The 1991 Protocol on Environmental Protection to the Antarctic Treaty also restricts a struggle for resources. In 1998, a compromise agreement was reached to place an indefinite ban on mining, to be reviewed in 2048, further limiting economic development and exploitation. The primary economic activity is the capture and offshore trading of fish. Antarctic fisheries in 2000–01 reported landing 112,934 tonnes.

Small-scale "expedition tourism" has existed since 1957 and is currently subject to Antarctic Treaty and Environmental Protocol provisions, but in effect self-regulated by the International Association of Antarctica Tour Operators (IAATO). Not all vessels associated with Antarctic tourism are members of IAATO, but IAATO members account for 95% of the tourist activity. Travel is largely by small or medium ship, focusing on specific scenic locations with accessible concentrations of iconic wildlife. A total of 37,506 tourists visited during the 2006–07 Austral summer with nearly all of them coming from commercial ships. The number is predicted to increase to over 80,000 by 2010.

There has been some concern over the potential adverse environmental and ecosystem effects caused by the influx of visitors. A call for stricter regulations for ships and a tourism quota has been made by some environmentalists and scientists. The primary response by Antarctic Treaty Parties has been to develop, through their Committee for Environmental Protection and in partnership with IAATO, "site use guidelines" setting landing limits and closed or restricted zones on the more frequently visited sites. Antarctic sight seeing flights (which did not land) operated out of Australia and New Zealand until the fatal crash of Air New Zealand Flight 901 in 1979 on Mount Erebus, which killed all 257 aboard. Qantas resumed commercial overflights to Antarctica from Australia in the mid-1990s.