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Companies turn to space to tackle emissions on Earth

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Green regulations are creating a bonanza for the satellite data sector

Just before the US presidential election in 2020, UK satellite data company Terrabotics noticed something strange going on in the oilfields of New Mexico. “There was this flurry of well sites being built, just in case Biden would ban fracking overnight,” says Gareth Morgan, the company’s founder and chief executive. “It was a noticeable uptick.” Even though another US election is looming, Morgan sees no sign of another frenzy.

However, the business case for using space data to cut emissions is still not fully made. Regulations are not yet in force for everyone, says Lucy Edge, chief operating officer of the UK’s Satellite Applications Catapult, a research organisation set up by the UK innovation agency. “The push is not yet there to add to the costs of running your business,” she says. And costs are still a barrier.

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