Space traffic management is very much an emerging field. We’re in the early stages, where the discussions in the international community are in the development of norms and standards of behavior. The fundamental purpose of space traffic management is to prevent collisions in space.
https://www.technologyreview.com/2021/08/23/1032386/space-traffic-maritime-law-ruth-stilwell/
Space Sustainability is a matter of vital concern to humanity as it directly relates to keeping space accessible and ensuring our space infrastructure remains operational in the foreseeable future.