Last but not least, space activities create benefits that are not always quantifiable in financial indicators, but that are tangible in providing better global information about the Earth’s state and threats to its environment and people, thereby enhancing citizens’ safety and quality of life.īeyond economic considerations, there are a number of other reasons why a free and open data policy has been adopted for Copernicus. Reducing the impact of climate change will not only lead to economic savings, it will also allow countering societal challenges caused, for example, by droughts or food shortages, which are one of the prime causes of migration. This aspect of space is especially relevant to tackling the challenge of climate change. Furthermore, space utilization can yield evidence for long-term processes that increase knowledge and understanding as a basis for responsible action. By providing platforms and infrastructure for information exchange and informed decision-making, space applications contribute to better governance, more efficient use of resources, and increased competitiveness. However, the commercial potential of space also exists at a higher level. Classical business opportunities arise across the whole spectrum of the value-added chain, from development and manufacturing (upstream) to operations and services (downstream). Copernicus illustrates the various economic potentials of space.
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