Billionaire Richard Branson on board Virgin Galactic's passenger rocket plane VSS Unity in July 2021. Reuters
Billionaire Richard Branson on board Virgin Galactic's passenger rocket plane VSS Unity in July 2021. Reuters
Billionaire Richard Branson on board Virgin Galactic's passenger rocket plane VSS Unity in July 2021. Reuters
Billionaire Richard Branson on board Virgin Galactic's passenger rocket plane VSS Unity in July 2021. Reuters

Scientists warn space tourism will do more climate damage than aviation


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A formidable space tourism industry may have a greater climate effect than the aviation industry and undo the recovery of the protective ozone layer if left unregulated, a joint US-UK study published on Saturday suggested.

Researchers from University College London (UCL), the University of Cambridge and Massachusetts Institute of Technology (MIT) used a 3D model to explore the impact of rocket launches and re-entry in 2019 and the effects of projected space tourism scenarios based on the recent billionaire-led space race.

The team found that black carbon (soot) particles emitted by rockets are almost 500 times more efficient at holding heat in the atmosphere than all other sources of soot combined — resulting in an enhanced climate effect.

Furthermore, while the study revealed that the current loss of total ozone due to rockets is small, current growth trends around space tourism indicate potential for future depletion of the upper stratospheric ozone layer in the Arctic in spring.

This is because pollutants from solid-fuel rockets and re-entry heated by returning spacecraft and debris are particularly harmful to stratospheric ozone.

Call for space tourism regulation

“Rocket launches are routinely compared to greenhouse gas and air pollutant emissions from the aircraft industry, which we demonstrate in our work is erroneous,” said study co-author Eloise Marais of UCL.

“Soot particles from rocket launches have a much larger climate effect than aircraft and other Earth-bound sources, so there doesn’t need to be as many rocket launches as international flights to have a similar impact.

“What we really need now is a discussion amongst experts on the best strategy for regulating this rapidly growing industry.”

To calculate the findings, the researchers collected information on the chemicals from all 103 rocket launches in 2019 from around the world as well as data on reusable rocket and space junk re-entry.

They also used recent demonstrations by space tourism firms Virgin Galactic, Blue Origin and SpaceX and proposed yearly offerings of at least daily launches by Virgin Galactic to construct a scenario of a future formidable space tourism industry.

Virgin Galactic space launch — in pictures

These data were then incorporated into a 3D atmospheric chemistry model to explore the impact on climate and the ozone layer.

The team show that warming due to soot is 3.9 mW m-2 from a decade of contemporary rockets, dominated by emissions from kerosene-fuelled rockets.

However, this more than doubles after only three years of additional emissions from space tourism launches, due to the use of kerosene by SpaceX and hybrid synthetic rubber fuels by Virgin Galactic.

The researchers say this is of particular concern as, when the soot particles are directly injected into the upper atmosphere, they have a much greater effect on climate than other soot sources — with the particles 500 times more efficient at retaining heat.

The team found that, under a scenario of daily or weekly space tourism rocket launches, the impact on the stratospheric ozone layer threatens to undermine the recovery initiated by the implementation of the Montreal Protocol.

Adopted in 1987, the protocol banned substances that deplete the ozone layer and is considered one of the most successful international environmental policy interventions.

Space tourism could worsen the ozone hole over the South Pole, pictured here from space in September 2021. EPA
Space tourism could worsen the ozone hole over the South Pole, pictured here from space in September 2021. EPA

“The only part of the atmosphere showing strong ozone recovery post-Montreal Protocol is the upper stratosphere and that is exactly where the impact of rocket emissions will hit hardest,” said study lead author Robert Ryan of UCL.

He said researchers had not been expecting to see ozone changes of that magnitude.

“There is still a lot we need to find out about the influence of rocket launch and re-entry emissions on the atmosphere — in particular, the future size of the industry and the types and by-products of new fuels like liquid methane and bio-derived fuels,” he added.

“This study allows us to enter the new era of space tourism with our eyes wide open to the potential impacts. The conversation about regulating the environmental impact of the space launch industry needs to start now so we can minimise harm to the stratospheric ozone layer and climate.”

If you go

The flights

Fly direct to London from the UAE with Etihad, Emirates, British Airways or Virgin Atlantic from about Dh2,500 return including taxes. 

The hotel

Rooms at the convenient and art-conscious Andaz London Liverpool Street cost from £167 (Dh800) per night including taxes.

The tour

The Shoreditch Street Art Tour costs from £15 (Dh73) per person for approximately three hours. 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

MATCH INFO

Uefa Champions League semi-final, first leg

Tottenham 0-1 Ajax, Tuesday

Second leg

Ajax v Tottenham, Wednesday, May 8, 11pm

Game is on BeIN Sports

Updated: June 28, 2022, 6:53 AM