Berlin/ Brussels, 28 February 2022. – On 23 February 2022, Niklas Nienaß, Member of the European Parliament for the Greens/EFA rolled out an initiative for setting a coherent space legislation in Europe. Based on a study of five independent experts, coordinated by Kai-Uwe Schrogl with Irmgard Marboe, Jean-Francois Mayence, Lucien Rapp and Jenni Tapio (see their report Towards European Legislation for Space Activities), he calls upon the European Union to accept obligations under the international space treaties and to implement this in a Regulation. Furthermore, he proposes the adoption of a Directive, which would guide the Member States of the European Union in setting up national space legislation. This should lead to a level-playing field for the development of private space activities in Europe and could also serve as a joint approach to Space Traffic Management. Nienaß, who is a Member of the ITRE Committee of the European Parliament, will inject his initiative there and at the same time with the European Commission.
Being part of a growing economy is where you want to be these days. And Space promises to be among one of the fastest growing sectors, with huge spillover potential into other industries. Currently, the space economy has been estimated to be at around 386 billion USD in revenue, and expectations predict it to be at 1 trillion USD by 2040. The outlook is attractive and moving within the space sector one could have the impression of booming space businesses. But are those numbers legitimate?