2022 report by WEF examines the global risks concerning space

The World Economic Forum has released The Global Risks Report 2022 , with one of its seven chapters dedicated to space, entitled "Crowding and Competition in Space."

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The report cites concerns such as Kessler Syndrome, which could arise from ever-increasing satellite numbers in orbit around Earth. The situation could get dramatically worse a lot sooner as military or defense-oriented presence increases. Another potential issue is how the governments and private companies may violate the United Nations' Outer Space Treaty, as some are concerned the Artemis Accords will.

The report also addresses the lack of effective governance tools for Outer Space Affairs (UNOOSA), the governing body for space-based activity, to manage the evolving reality of space affairs. It states the pressing need for an authority that governs satellite launches and servicing and can control space traffic, enforcing various aspects of space travel.

"Space situational awareness, space traffic management and debris mitigation are areas in which norms-based and eventually formal international agreements would benefit all actors. Critically, and like other realms where technology is developing at a faster pace than its regulation, bringing private sector actors into the agreement processes will help ensure that such pacts reflect both commercial and technical realities," states the report.

You can download and read the report here.