Tuvalu

Funafuti is the capital of Tuvalu.

In Tuvalu, water is already eating away on the land.

Mining for polymetallic nodules would cause irreversible damage to the region, including Kiribati the Cook Islands, Nauru, Tonga, Papua New Guinea and Tuvalu.

Tuvalu has substantial assets abroad.

Tuvalu has few natural resources, except for its fisheries.

The following year, the Ellice Islands became the separate British colony of Tuvalu.

The report also said mining for polymetallic nodules, potato-sized lumps found in the seabed that contain metals used in battery manufacturing and high-tech industries, would cause “essentially irreversible damage” to the region, including Kiribati the Cook Islands, Nauru, Tonga, Papua New Guinea and Tuvalu.

Tuvalu, a string of islands northwest of Australia, sold the rights to its suffix, “.tv,” to a Canadian entrepreneur for $50 million, and used the money to put electricity on the outer islands, create scholarships and finance the process to join the United Nations.