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Luxembourg Parliament adopts draft law on the exploration and use of space resources

Published Thursday July 13 2017

On 13 July 2017, Luxembourg became the first European country to adopt a legal framework offering private operators assurances in regard to resources they extract in space. The law, which will come into force on August 1, 2017, also establishes the procedures for authorizing and supervising space exploration missions.

The legal and regulatory framework is a key element of the strategy adopted by the Luxembourg Government in the context of its  SpaceResources.lu  initiative, aimed at fostering the development of new and innovative activities in the space industry.

In parallel to steps taken at the national level, Luxembourg will continue to promote international cooperation with a view to advance a governance scheme and a global regulatory framework of space resources utilization. In line with its commitment, the Grand Duchy recently  signed a joint statement  on future activities concerning missions to asteroids, related technologies and space resources exploration and utilization with the European Space Agency (ESA).

At the same occasion, the Ministry of the Economy of Luxembourg announced the establishment of the “Luxembourg Prize” in the category “New Business Innovation”, in the framework of ESA’s first innovation competition on space exploration, the “Space Exploration Masters” ( www.space-exploration-masters.com ).

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