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ID:
162405
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| Summary/Abstract |
The fact that there are abundant mineral resources in space is shown by remote sensing and observation through space probes and analysis of samples, in situ and otherwise. That these resources are useful to humanity and can augment depleting Earth resources is also established beyond a doubt. Further, the technology to excavate and process the same in situ is feasible. The end-product can be used for other activities on the mined planet or transported to Earth. The processed material can also be recycled for use and manufacturing on the celestial body itself, or to refuel space probes on deep space missions. Thus, the utility of celestial natural resources to mankind is obvious, but the algorithms of law and economics in regard to excavation, processing, transportation, and use in situ are not yet adequately clear for business viability and reasonable profits. This article discusses the prospects of space mining on celestial bodies in this context, focusing on the case of U.S. space laws.
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| 2 |
ID:
142581
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| Summary/Abstract |
Given the renewed interest in exploring and exploiting the resources of the Moon, this paper will explore the proposition that sustainability should be a fundamental consideration when formulating policy in respect of regulating lunar activities. The current lunar regulatory framework, however, is a product of the Cold War and conceived at a time when sustainability and space environmental issues were not within the contemplation of policy makers. Yet there is an increasing awareness of the need for space sustainability within the space community and this should be focused towards shaping policy in respect of lunar exploration. Inherently linked to this is a new multi-sectored era of space activity with emerging space nations and private companies competing alongside established space actors to exploit the natural resources of the Moon. Disputes over legally binding methods of lunar resource allocation are harming the chances of obtaining any consensus regarding sustainable development. This discussion will show that there is no compelling evidence that commercial mining of the Moon will yield the vast natural resources that would make such a venture economically viable. It will be advocated that a policy of promoting the use of the moon for scientific and exploratory purposes by means of existing fora such as IDAC and using non-binding codes to create normative values of sustainability should be placed at the heart of lunar exploration policy.
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