Use Of Outer Space

AGENDA 1

CONSTRUCTING A REGULATORY REGIME FOR THE RESOURCE EXPLOITATION OF THE MOON AND OTHER CELESTIAL BODIES.

The advancement in science and technology today has led to very interesting and fascinating developments in the use of outer space. Apart from usage of orbitals and space for research, telecommunication, mapping, space tourism and various other services, the exploitation of natural resources of the moon and other celestial bodies is one of the most engaging developments in the use of outer space. The mining and use of mineral and other resources on the moon or other celestial bodies can contribute massively to the advancement of science and the improvement of the condition of people in the world. Along with that, it could also

While there have been a number of advancements in the use of sustainable and renewable froms of energy, these methods cannot keep up with the current demand of energy.Technological and scientific advancements and rapid industrialization and population growth in developing countries puts even more stress on the Earth’s natural and mineral resources. As raw materials and mineral resources continue to dwindle, it is imperative for us to come up with an alternate source of energy. Since materials and resources from outer space are available and will be for millions of years, the solution to the growing population and energy crisis lies in utilization of extra-terrestrial resources. By looking at outer space and celestial bodies for mineral resources, there will be a tremendous impact on not only the conditions of living, but it also has the capability to solve the Earth’s energy crisis. Scientists also go on to say that the natural resources of celestial bodies will produce better results compared to alternative and renewable sources of energy due to the quality of the

The national appropriation of the moon and other celestial bodies is prohibited by international law. The law provides states the right to freely use and explore outer space for research and scientific purposes. The Outer Space Treaty states that such activities must be carried out in the interest of and for the benefit of all mankind. However, this law has led to a number of claims. While developed countries and the private sector are of the opinion that the lack of legal framework hinders the progress of mankind in the exploitation of resources of outer space, developing countries say that according to international laws, any outer space resources must be distributed among all the nations equally. Analysts also say that while law is clear about national appropriation on the moon, private entities are free to claim property as their