The Global Space Economy, International Organizations and Emerging Communities: Challenges and opportunities

Day: Wednesday 16 October
Time: 15:40 - 16:25 CEST
Location: Red Hall, Level 1, North Wing, MiCo Convention Centre

Today the space community faces a pivotal change: the outburst of emerging countries and communities joining space activities, led by an expanding space economy forecasted to reach multi-trillion dollars in the near future. At the same time, we face a massive challenge in ensuring that space science and technology benefits the whole of humanity, while maintaining sustainability in space and on Earth.

To make wide range of space applications available to the people living in the developing nations/emerging communities, it is essential to leverage the innovative power of the bolstering space economy, whilst ensuring that these countries/communities can progressively develop their own space capabilities. It is also key to find innovative solutions that combine science and technology with economic incentives that help the implementation of rules and norms to achieve sustainability. For instance, UNOOSA is collaborating with space agencies in its Kibo CUBE program to provide access to space to all. The World Economic forum has been working with the space industry focusing on topics including space sustainability rating, and Earth data valuation and AI.

The GNF panel will focus on programs through such partnerships among space agencies and international organizations, as well as commercial and financial entities to make this happen. The session will be introduced by a keynote address followed by a stimulating panel discussion with representatives from various sectors. Key questions to be addressed are:

How should developing nations/emerging communities embark with their space ambitions?
How can international organizations work together with space agencies and industry to create successful space ecosystems in developing nations/emerging communities, while maintaining sustainability in space and on Earth?
How can the expanding space economy provide innovative solutions for this to happen?