Abstract
| Original language | English |
|---|---|
| Article number | 119382 |
| Journal | Journal of Environmental Management |
| Volume | 349 |
| DOIs | |
| Publication status | Published (VoR) - 10 Nov 2023 |
Funding
The most comprehensive and long-serving tracking system is the one provided by the Department of Defence US Space Surveillance Network (SSN) that includes “launch detection and tracking, conjunction assessment and collision avoidance, human spaceflight support, manoeuvre detection, breakup identification, and re-entry assessment” (Joint Task Force-Space Defense, 2022).To pin-point the growth rate of trackable objects gT, we assume it follows the economic growth rate of the space sector. We compute an Ordinary Least Squares (OLS) regression whereby the dependant variable is the log of the known trackable objects (from January 2011 to January 2022), and the independent variable is the log of global space economy (GSE). The Space Foundation (2021) estimates GSE in terms of a revenue-base valuation that includes all commercial revenue from space products, services, infrastructure, and support industries as well as the space budgets of US and Non-US governments. The coefficient retrieved is the elasticity between the average growth rate of GSE and trackable objects, ϵT=1.3 (with 95% confidence interval (CI): 1.5 to 1.0).Market leaders in this field are Clearspace (2023) and Astroscale (2023). ClearSpace, the Swiss-based leader of in–orbit servicing created in 2018, secured approximately $28 mln in funding from ESA and other partners to launch in 2026 its first space debris removal mission ClearSpace-1. The UK-based Astroscale (2023) is another well-known presence into the ADR sector, with funding of around USD 376 mln and both the support of JAXA (Japanese Space Agency) and ESA. Both are good examples of the rising market value predicted for this sector but also the space agencies’ growing awareness of the severity of the debris issue. Initiatives such as Net Zero Space (2023) or ELSA-D orbital removal mission (Astroscale, 2022) will likely become more frequent in the next coming years.
Keywords
- space sustainability
- space debris
- areas beyond national jurisdiction
- active debris removal
- Environmental economics
- Sustainability development