The new space economy should expect to meet the global demand for sustainability. Fortunately, the commercial space sector has much to offer when it comes to sustainability. The new space economy is about much more than tourism, and includes the deployment of satellites for telecommunications, earth observation, and navigation, as well as the extraction of resources from asteroids and the moon. While launches are carbon intensive, this is offset by what space technologies offers to earth in pursuit of our ever more ambitious environmental goals.
The space economy plays a key role in helping the transformation to a low carbon economy through the use of satellites to collect data which monitor climate risk exposures and greenhouse gas emissions. We will continue to see the development of new space technology solutions to help global decarbonisation efforts.
Global Climate Change & Decarbonization Leader
All participants in the space ecosystem, government, industry, and new space entities, need to take responsibility for the long-term viability of space exploration as well as the quality of the orbital space environment, by identifying, prioritizing, and promoting responsible uses of space resources.