Space Economy: an Opportunity for Sustainability

Abstract

The purpose of this draft is to provide innovative opportunities to increase companies’ sustainability. Many global issues today influence value chain efficiency, turning corporate sustainability into an imperative. Space economy can be the strategy to sustain and monitor many global risks currently affecting the business landscape, thereby contributing to the achievement of the Sustainable Development Goals. Rapid changes make the act of monitoring a fundamental challenge to succeed in the current dynamic, hasty world. This report focuses on the consequent role of space technologies, on their business applications and on the increases to all societal and economic benefits they can bring. It presents concrete examples of cutting-edge companies leveraging satellites and Earth Observation to heighten their sustainability degree. The paper introduces a new feasible, commercial service that utilises satellites technologies and contributes to Agenda2030. This is CosmoSpy: a start-up to monitor suppliers around the world. Its Business Model Canvas is ready for implementation, even if the required technology is under development. The company monitors the CO2 emissions of other enterprises, carrying significant implications for the environment, society, and the economy. It thus contributes to a new, more interconnected, future-oriented world, where sustainability is of the essence. Putting together space economy and sustainability can therefore be the perfect equation, as outlined in the text.