Italy approves new space law
Italy’s Council of Ministers yesterday approved language for a new space law and five year space economic plan, designed to regulate the commercial space operations inside Italy as well by Italian companies operating in foreign lands.
In addition to mandating authorization for national and foreign operators who intend to conduct space activities from Italian soil, the law will also regulate the activities of national operators intending to conduct business from foreign territories. One element of regulatory compliance outlined within the law addresses the management of space incidents. Operators will be required to secure insurance coverage of up to €100 million per incident. There are, however, provisions allowing for the potential for lower caps in cases of reduced risk.
More details about the law can be found here. It gives regulatory authority to Italy’s space agency ASI, while also establishing a five-year government program (funding not disclosed) to stimulate the space sector.
The released details are insufficient to find out the real consequences of this law. If written correctly, the regulations could actually make it easier for the private sector to prosper. If not, it could instead squelch new startups as well as existing companies.
Italy’s Council of Ministers yesterday approved language for a new space law and five year space economic plan, designed to regulate the commercial space operations inside Italy as well by Italian companies operating in foreign lands.
In addition to mandating authorization for national and foreign operators who intend to conduct space activities from Italian soil, the law will also regulate the activities of national operators intending to conduct business from foreign territories. One element of regulatory compliance outlined within the law addresses the management of space incidents. Operators will be required to secure insurance coverage of up to €100 million per incident. There are, however, provisions allowing for the potential for lower caps in cases of reduced risk.
More details about the law can be found here. It gives regulatory authority to Italy’s space agency ASI, while also establishing a five-year government program (funding not disclosed) to stimulate the space sector.
The released details are insufficient to find out the real consequences of this law. If written correctly, the regulations could actually make it easier for the private sector to prosper. If not, it could instead squelch new startups as well as existing companies.