Luxembourg to establish space property rights
The competition heats up: The government of Luxembourg today announced an initiative to establish a legal framework that will ensure property rights in space for private investors.
The Luxembourg Government announced a series of measures to position Luxembourg as a European hub in the exploration and use of space resources. Amongst the key steps undertaken, as part of the spaceresources.lu initiative, will be the development of a legal and regulatory framework confirming certainty about the future ownership of minerals extracted in space from Near Earth Objects (NEO’s) such as asteroids.
Luxembourg is the first European country to announce its intention to set out a formal legal framework which ensures that private operators working in space can be confident about their rights to the resources they extract, i.e. rare minerals from asteroids. Such a legal framework will be worked out in full consideration of international law. Luxembourg is eager to engage with other countries on this matter within a multilateral framework.
The announcement is a bit vague about what exactly Luxembourg really plans to do. For example, it is unclear if this framework will only apply to Luxembourg citizens, or will be used to bring the private efforts from other countries to Luxembourg (the more likely scenario). It also does not tell us how the initiative will deal with the UN Outer Space Treaty, which essentially outlaws countries from establishing their own legal framework in space. Individuals can supposedly own private property in space under that treaty, but no country can claim territory or impose its own legal framework on any territory, thus making any private property claims unclear and weak.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
The competition heats up: The government of Luxembourg today announced an initiative to establish a legal framework that will ensure property rights in space for private investors.
The Luxembourg Government announced a series of measures to position Luxembourg as a European hub in the exploration and use of space resources. Amongst the key steps undertaken, as part of the spaceresources.lu initiative, will be the development of a legal and regulatory framework confirming certainty about the future ownership of minerals extracted in space from Near Earth Objects (NEO’s) such as asteroids.
Luxembourg is the first European country to announce its intention to set out a formal legal framework which ensures that private operators working in space can be confident about their rights to the resources they extract, i.e. rare minerals from asteroids. Such a legal framework will be worked out in full consideration of international law. Luxembourg is eager to engage with other countries on this matter within a multilateral framework.
The announcement is a bit vague about what exactly Luxembourg really plans to do. For example, it is unclear if this framework will only apply to Luxembourg citizens, or will be used to bring the private efforts from other countries to Luxembourg (the more likely scenario). It also does not tell us how the initiative will deal with the UN Outer Space Treaty, which essentially outlaws countries from establishing their own legal framework in space. Individuals can supposedly own private property in space under that treaty, but no country can claim territory or impose its own legal framework on any territory, thus making any private property claims unclear and weak.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
They will also channel their investments through ESA, which won’t give the Bourgers or businesses much control.
This is like a lot of POTUS’ declarations–utterly meaningless.
Perhaps we should watch this development. The name of the initiative, “the SpaceResources.lu initiative,” sounds very much like they want to add to their already successful space industry. Since SpaceResources sounds similar to Planetary Resources, a company that intends to mine asteroids, Luxembourg may be trying to lure them to their country, and the President and CEO said, “Planetary Resources looks forward to working with Luxembourg.”
Luxembourg has been space-friendly to SES, a major operator of geostationary communication satellites.
In the Heinlein novel “Double Star” the Solar System’s Monarch is a member of the House of Orange. I wondered how that would come about, now I know.