News

15 March 2011

Economics of space observation

The CRCSI participated in a study earlier in the year with Geoscience Australia and ACILTasman. It has now been released and isĀ available. The aim of the study was to determine the value of Earth observation from space (EOS) activities to the Australian economy. This report provides, for the first time, an assessment of the value of Earth observation from space (EOS) to the Australian economy. It found that EOS contributed at least $3.3 billion to Australian GDP in 2008-09; On conservative assumptions it is estimated that the contribution to GDP could grow to around $4.0 billion by 2015; and additional benefits in climate change adaptation, emergency response and natural resource management are conservatively valued at $1.0 billion per year.

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