Looks like, the orbit is so overcrowded with junk, that it is the nearest orbit to start with cleaning:
1. Make working services safe.
2. Make any further launch safe.
Having that, the place is already not safe if everybody fully stop any launches. Occasionally existing satellites or debris collide (can anyone tell what progression of collision probability is, with 22 000 pieces there?).
ESA announced robot-junk-remover test launch till 2025.
Would this announcement to bring activity increase in this field.
Hopefully, till that time there will be more consolidation between racing countries, and test launches will not bring more danger, but more supervision launches.
Several different engineering ideas on how to catch the junk in space, presented by different countries/companies.