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Moon Mining
President Trump recently signed an executive order in support of the US opening exploration of resources on the moon and asteroids. The move follows a 2015 US law allowing for American companies to own and sell resources extracted from space. Although there is some dispute over the legality of the move, the White House is moving forward with developing a legal framework dubbed the “Artemis Accords,” which would regulate operations and ownership of extracted resources.
President Trump recently signed an executive order in support of the US opening exploration of resources on the moon and asteroids. The move follows a 2015 US law allowing for American companies to own and sell resources extracted from space. Although there is some dispute over the legality of the move, the White House is moving forward with developing a legal framework dubbed the “Artemis Accords,” which would regulate operations and ownership of extracted resources.
While some argue against privatizing ownership of space resources, some experts suggest it may be necessary in the near future. As earth depletes its non-renewable natural resources, resources from space, ironically, might hold the key to developing renewable energy. Metals like cobalt and lithium are abundant in space, whereas on Earth they are often located in countries where the US does not have easy access such as Russia, China, and the Congo. Additionally, building moon bases and extracting resources that can be used as rocket fuel will allow for further space travel, beyond our current reach by turning the moon into a refueling station. According to space journalist Sarah Cruddas, “Before, it was always government funded. But with private companies and individuals, there’s more money and ambition.” This, she believes, will make space mining a reality in our lifetimes.
Discussion Questions:
- The 1967 “Outer Space Treaty” declares that all nations are free to explore space, and no country can make sovereign claims. That is, no country can claim ownership of the moon, or parts of the moon. Discuss how this may lead to a Tragedy of the Commons situation if private companies begin mining in space.
- Undoubtedly, sending astronaut miners to the moon will be a very costly endeavor. Explain what must happen to supply and/or demand of minerals located on the moon for this to be profitable.
- If Earth produces two goods, minerals and food, discuss how development of space mining will impact the Earths ability to produce both goods. Draw a PPF to support your answer.
