1 – It Could Solve Climate Change
At this point, it sounds like all doom and gloom. Countries are selfishly enriching themselves at the expense of others, and the possibility of all-out warfare appears to be escalating.
But don’t worry. Every cloud has a silver lining.
In the long term, the issues surrounding asteroid mining could solve the problem of climate change on Earth, which would affect every nation. We could use new and better space technologies on our own planet. This has already happened with other space technologies: GPS, for example.
Remember when we mentioned earlier the splitting of water into hydrogen and oxygen to produce fuel? If this process was used heavily in space, more research money would be invested in it, the process would become more efficient, and costs would be reduced. This would allow us to produce hydrogen-fuel-cell cars at a price where they become mainstream.