Having a property on the moon would be a great way to make money in space, but will it be legal? What is the cost of living Build property on moon? And should developing countries get a share of the resources?
Legality of owning celestial bodies
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Exactly what is the legality of owning a celestial body? Well, we’ve answered that in one way or another. In short, there is no such thing as an unowned celestial body. A nation’s property rights are defined by its borders, and all space related activity is subject to the same laws of the land. The same holds true for private companies and international organisations involved in space activities. It’s a fact that many governments and private organisations are reluctant to engage in such activities.
The legality of owning a celestial object is a thorny issue. While the United Nations (UN) has a clear policy on the subject, the legality of owning a celestial bodies remains unclear. Until and unless this is resolved, space exploration and the use of outer space will continue to be in the hands of the armed forces, private companies and a select few international organisations. The same holds true for all the other nations that have signed up to the Outer Space Treaty.
The legality of owning asteroid, for example, remains in doubt. In the words of a NASA representative, “There is no clear legality in owning a small celestial body.” However, it is clear that space exploration is open to all nations that comply with the relevant laws of the land.
Developing nations should be given a share of the resources
Developing nations should be given a share of the resources of building property on the moon, according to a new study published by a Norwegian government commission. The study suggests a more demanding development policy that will ensure developing countries have sufficient tax income and root out corruption.
Several developing countries have made significant macro-economic progress in recent years. However, they still do not have enough resources to address their basic needs. As a result, some have strengthened regional cooperation and international organisations have sought to support them. A special commission has been set up by the Norwegian government to study these issues. Its report was published in June 2009.
As stated by the report, the exploration of the moon should take into account the need to promote higher standards of living and social progress. It also must consider the interests of present and future generations. It should be conducted in accordance with international law and the Declaration on Principles of International Law. Moreover, all activities must be carried out on the basis of equality and in accordance with the principle of co-operation.
Under the agreement, states parties undertake to establish an international regime for exploitation of the natural resources of the moon when possible. This regime will be implemented in accordance with article 18 of the Moon Treaty.
Cost of living on the moon
Whether you’re dreaming of staying on the moon, or just looking to build a house on the moon, you should be aware of the costs involved. A new study by Money UK has calculated the cost of building a home on the Moon and the infrastructure needed to support it. The results are shocking.
In addition to the cost of a home on the moon, you’ll have to pay to ship your building materials to the lunar surface. The cost of the shipping is estimated at $2 billion. The equipment that you’ll need to stay alive is also a considerable amount of weight. It would also be necessary to pay to bring water from Earth.
A 34-panel solar energy system will cost you about $23,000. Then you’ll have to figure out how to grow food. You’ll need at least seven lunar greenhouses to produce 1.1 tons of food. In total, you’ll need about 5.9 tons of water to live comfortably for a year. You’ll also have to find a way to purify liquid waste.
Eventually, humans will be able to colonize the Moon. They’ve already made a number of long-term missions to the Moon. They’ve even set up temporary moon bases to allow people to stay on the Moon for a short period of time. The next mission will be sent to the Moon in the year 2024.
