Event Details

The Pentland Centre is holding a seminar on The World is Not Enough: Accounting for Environmental Externalities in the New Space Economy.

In this seminar, Professor Sven Modell will discuss how to account for negative environmental externalities, which has a long pedigree in the social and environmental accounting (SEA) literature, to the New Space economy emerging as a result of the increasing commercialisation and privatisation of space-related activities.

In doing so, he pays particular attention to the questions of whether and how externalities affecting the outer space environment should be monetised and internalised in the corporations that inhabit this economy. Through a review of the governance regimes that are currently in place in the New Space economy, he finds that these regimes entail relatively limited monetisation and demands on corporations to internalise such externalities. This reinforces emerging concerns that private sector space corporations have weak incentives to mitigate externalities that are unique to this context. To address this problem, Sven puts forward proposals for a reformed governance regime and outlines a research agenda that might enhance our understanding of how environmental externalities can be managed in the New Space economy.

NB: The seminar runs from 11:00-12:00 in LUMS WP B007 and on Teams. Please note that this session will be recorded.

Open to LU staff and students - registration required.

Sustainable Development Goals (SDGs): Relevant to SDG 7: Affordable and Clean Energy; SDG 9: Industry, Innovation, and Infrastructure; SDG 13: Climate Action; SDG 17: Strengthening Partnerships for the Goals

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