Now, Stanford University scientists believe they have a solution--though it certainly has a long path to approval, let alone implementation. They have suggested that countries that don't dispose of space waste properly should be fined, on the grounds that establishing a formal international framework will encourage responsible behavior provide incentives to clean up the royal space mess. Any funds collected could be used to compensate owners of satellites damaged by debris, or to research cheaper ways to de-orbit satellites (though we can also count on a little stimulus cash to help with that one).
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