Scientists predict that if a 10cm piece of space junk hit a satellite, smashing it apart, it would set off a chain reaction that could destroy all satellites and render space a no-go zone for centuries.
The British Government is investing £1 million in projects to clear up space debris.
Amanda Solloway, the science minister, said: "From broadband to tracking climate change, satellites have immeasurable benefits on all of our lives. But as many of them break into space debris, it's vital that we take a global leadership role in preventing them from becoming space hazards".
Last year, there was a close call in which an Earth-observation spacecraft operated by the European Space Agency had to light up its thrusters to dodge a Starlink satellite.