RISE is first in-orbit servicing mission of European Space Agency which is a significant step towards refuelling, refurbishment, and assembling in orbit - all essential elements for creating a circular economy in space.
- It will be launched in 2028 and will have the ability to dock and control orbit of geostationary satellites.
- RISE will rise up to the so-called geostationary graveyard, about 100 km higher, where satellites are ‘parked’ after they have reached the end of their mission.
Circular Space Economy
- Circular space economy draws inspiration from the broader concept of a circular economy, which aims to minimize waste and maximize resource efficiency.
- Key aspects of circular space economy include satellite refurbishment & repair, space debris removal, resource utilization (materials extracted from asteroids or the Moon), etc.
Significance of Space Circular Economy
- Reduced Space debris helps to mitigate the risk of collisions and further debris generation.
- Resource Conservation due to reusing and recycling materials in space.
- Cost Reduction by extending lifespan of satellites.
- Faster development times by assembling and manufacturing space systems directly in orbit.
Challenges to Space Circular Economy
- Technological limitations: Developing necessary technologies for in-orbit servicing, recycling, and asteroid mining.
- Funding: Developing specialized equipment, conducting R&D etc. require significant investment.
- Regulatory Challenges: Establishing global standards & regulations for space sustainability.
Initiatives Promoting Circular Space EconomyGlobal
India
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