EU Space Act Sparks Debate: Industry Fears Over-Regulation
The EU Space Act, a new regulatory framework aimed at streamlining operations for businesses in the European space industry, has sparked debate. While praised for its robustness, the act's current form may inadvertently impose additional burdens and uncertainties, as discussed at a recent webinar hosted by Payload Europe.
The panel, featuring Sara Dalledonne, Mark Boggett, and Morgane Lecas, raised concerns about potential over-regulation and unclear regulatory borders within the act. Released in June 2023, the first draft of the EU Space Act aims to reduce administrative burdens but may have the opposite effect in its current state.
Specifically, the act imposes additional fees on space businesses, particularly satellite constellation operators and launch companies. Moreover, its interaction with existing European and international laws remains uncertain, which could lead to forum shopping. The panelists agreed that while regulation is necessary, the act should focus on clearly defined rules rather than excessive regulation.
The EU Space Act is set to undergo a public review and drafting process over the next few months. Industry stakeholders hope that this period will address their concerns and ensure the act promotes growth rather than hindering it. The final form of the act will significantly impact the future of the European space industry.
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