To end extreme poverty, combat inequality and injustice, and ensure that no one is left behind, the world has come to a historic accord known as the 2030 Agenda for Sustainable Development. The 17 Sustainable Development Goals (SDGs), which were adopted in 2015 by world leaders at the UN, replace the Millennium Development Goals (MDGs). All signatories are expected to support the SDGs both domestically and internationally because they are universal.
In both the negotiation and implementation of the SDGs, the UK played a leading role. The UK made significant lobbying efforts to ensure that the SDGs promote the MDGs’ goals. The British government unveiled a package of initiatives on June 23 to establish the nation as a pioneer in space sustainability, ranging from rules to money for ongoing debris clearance programs.
The Plan for Space Sustainability is a set of guidelines intended to encourage businesses, investors, and insurers to embrace the best standards for sustainable space operations. It was unveiled by George Freeman, who is the science, research, and innovation minister. He stated in a presentation at the Fourth Summit for Space Sustainability by the U.K. Space Agency and the Secure World Foundation that the effort’s objective is to “create a global commercial structure for the insurability, the licensing, and the regulating of satellites that are commercial so that we decrease the cost for those who conform with the best standards of sustainability. ” Our commercial sector needs to embrace sustainability.”
Despite Freeman’s remarks, which gave little information on the plan’s four primary components, One is an assessment of all orbital activities’ regulatory framework in the United Kingdom. “Our goal is to take the lead in setting international regulations for orbital activities. Government support is important to us, he added, and it should be industry-led. Working on space sustainability on a global scale through institutions like the G-7 and the UN is a second component.
The third component of the strategy calls for the creation of “clear, accurate indicators” for gauging the sustainability of space activities. Freeman was evasive about the specifics of those metrics, which he stated would be established over the coming months, but he said they might work as a “kitemark,” or standard of quality and safety, to draw businesses and ESG (environmental, social, and governance) investors.
Success, in his opinion, will come when people begin to insist that you have your orbital permit in the U.K. since if you comply, the costs of insurance and licensing will decrease. “We must set an example and demonstrate what space launch, space technology, and space orbit projects look like when they are ESG compliant. I believe we can start to unleash some of the ESG financings if we can accomplish that, and do it simply to start.”
The fourth component consists of a little number of extra funds for a running debris cleaning program. To enable it to “proceed at pace” and choose two teams later this summer, the government announced in a statement that it will contribute $6.1 million (£5 million) for the program’s subsequent phase. Last year, the government gave three consortia headed by ClearSpace, Astroscale, and Surrey Satellite Technology Ltd. contracts totaling roughly £1 million for preliminary feasibility studies.