Great article from Space News "Renewed Climate Change Fight Bodes Well for Earth Observation Sectors" explains why Biden's climate policy is good news for Earth Observation. This is consistent with our article "Biden's Budget is Positive for Space", which highlights $14 billion in the government's FY22 budget request to fight climate change.
"Space technologies such as Earth Observation, IoT satellites and Geospatial Data Analytics are playing an increasingly important role in environmental protection as they are used to monitor and track changes on Earth over time. We highlight initiatives from the $14 billion request to fight climate change that are positive for space.1) $2 billion (up $500 million y/y) for weather satellite programs at the National Oceanic Atmosphere Administration (NOAA); 2) $15.4 billion for clean energy technologies at the Department of Energy (DOE); 3) $1.8 billion to reduce greenhouse gas emissions for the Environmental Protection Agency (EPA); 4) $1 billion to increase in forest resilience project for the Department of Agriculture, $750M to study climate change and wildfires, and clean up abandoned mines oil and gas wells for Department of Interior; and 5) funding to support improvements of the national airspace system, including integration of commercial space launches."
Companies that build or operate Earth observation satellites foresee busier days ahead as governments, and businesses, step up climate change initiatives. Geospatial monitoring is key for tracking, understanding and ultimately cutting greenhouse gas emissions that contribute to what is increasingly seen as an environmental emergency. U.S. President Joe Biden set a target April 22 for the country to cut greenhouse gas emissions by at least 50% levels by 2030. The pledge came three months after Biden signed an executive order committing the United States to rejoin the Paris Agreement, a global partnership aiming to drive action on climate change.