Natural Resources Depletion and Economic Growth in Present Era by Ishwar Mittal, Ravi Kumar Gupta :: SSRN

Natural Resources and Depletion

These days you can see wind turbines in states such as Texas, which have great landscapes for harnessing wind power. The biggest threat to our resource depletion in modern society comes from our dependency on fossil fuels as our primary source of energy. We use fossil fuels to heat our homes, fuel our cars, and it is currently the backbone of Western Society. To achieve this, it’s going to take more than one nation or one government to create the change our planet needs. It will take a combined effort from every person on this planet to create a sustainable future where resource depletion is no longer a threat. To understand this further, let’s examine the solutions to natural resource depletion. With green living gaining mainstream appeal and the rise of new eco-friendly technologies reaching new heights, our potential to mitigate and remedy many of our past mistakes is a possibility on the horizon of humanity.

  • Fossil fuels such as petroleum, oil, and coal are also included in this grouping because they are generated from decayed organic matter.
  • Moreover, through industrial processes, the extracted resources are turned into things for our daily use or into energy, which results in the emission of harmful gases and therefore in air pollution.
  • Essential for fertiliser, phosphate rock is only found in a handful of countries, including the US, China and Morocco.
  • In many cases, we’re using these resources faster than nature can replenish them.
  • However, we have reached a point where we can no longer ignore the effects of natural resource depletion, as the evidence is apparent and the symptoms are being felt around the globe.

The 2019 IPBES Global Assessment Report underscored that transformative change is necessary to protect the resources upon which human life and wellbeing depends. The Report also acknowledges that, by its very nature, transformative change is often opposed by those with interests vested in the status quo. The Local Biodiversity Outlooks mentioned earlier offer important examples of bottom-up approaches to resource governance that can foster sustainability while also addressing historical inequalities. Natural resources depletion is gradually becoming a critical burden on the environmental and ecological balance, pushing the development of artificial aggregates forward.

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Crude oil or Oil, as it’s commonly referred to, is a very important raw material in today’s society. It is the raw material from which important byproducts are made, such as petroleum and diesel. These byproducts, in turn, play a pivotal role in almost all strata of life and society, as they are the driving force for most machines. Oil, however, is a finite resource and is being depleted at a very rapid rate. Peak Oil is the period when the maximum rate of global petroleum extinction has reached.

What is the conclusion of natural resources?

Of all the natural resources used by humans, two stand out as having the biggest impact on human survival and environmental quality. Mineral and fossil fuel resources are largely responsible for moving human civilization from hunter-gatherer societies to heavily industrialized urban ones.

While agriculture can exert significant pressure on the environment, it is itself subject to negative environmental impacts linked to air pollution and urban development. Water pollution is caused by a change in it’s composition due to human activity. The three major sources of water pollution are municipal, industrial and agricultural. Among the proposed solutions are switching to alternate energy such as solar power and wind power and responsible use of resources. Development that meets the needs of the present without compromising the needs of the future generations is referred to as sustainable development. We should use resources in such a way that the needs of the present are met and also suitable amount is left for the future generations to use.

Natural resources, Conservation, & its Depletion.

Our natural resources are the soul of our earth, and we all depended on them directly or indirectly. Therefore, it’s our responsibility to take control measures and find the right solution for the depletion of all natural resources. However, here in this article, we will have a closer view of how natural resources are depleting so fast? The depletion of minerals could also have significant impacts on plant growth and construction. There has been a significant increase in consumption of phosphorus an essential element for plant growth, as well as copper, zinc, sand, and stone, all construction materials. Resource depletion is most commonly used in reference to farming, fishing, mining, water usage, and consumption of fossil fuels.

Natural Resources and Depletion

Currently, societies respond to water-resource depletion by shifting management objectives from location and developing new supplies to augmenting conserving and reallocation of existing supplies. There are two different perspectives to groundwater depletion, the first is that depletion is considered literally and simply as a reduction in the volume of water in the saturated zone, regardless of water quality considerations. A second perspective views depletion as a reduction in the usable volume of fresh groundwater in storage.

Sustainable agriculture

Moreover, the ore characteristics can change overtime as economic and technological factors can make marginal ore viable for extraction. Third, as described above, much of the LCA data has been developed on the basis of North American and European conditions, whereas the characterization factors may not be representative in emerging supply countries. Accepting that we are ethically obligated to future generations, the problem then becomes one of specifying a fair policy that will protect their rights.

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The second edition of the CBD’s Local Biodiversity Outlooks illustrates their significant contributions to the safeguarding and sustainable use of natural resources and biodiversity. Alliances between women, youth, Indigenous Peoples, and local community groups have emerged, connecting local-to-global efforts, and bringing international attention to injustices. This includes grassroots alliances such as La Vía Campesina, which has lobbied to protect farmers’ and peasants’ rights since the 1990s and was instrumental in the creation and adoption of UNDROP.

Effects of Natural Resources Depletion

Another way to fight the resource depletion problem is to switch from cars to alternative transport facilities. The supply is likely to drop in the future since resources will become scarcer. However, this can lead to a massive shortage or even to the depletion of oil since oil is a fossil resource and will eventually be used up. If at this point in time, our technology still relies on these materials, we will have a problem since Natural Resources and Depletion we will no longer be able to extract enough material to meet the supply. Resource depletion also contributes to global warming in a significant way. Thus, excessive resource extraction also increases the likelihood of severe health conditions. However, even more important, deforestation is often done with the intent to get more land for farming purposes since farming is often more lucrative for locals than selling wood.

Fossil fuels such as petroleum, oil, and coal are also included in this grouping because they are generated from decayed organic matter. Preventing natural resource depletion is vital for the environment, economy and the health and well-being of the human population. We use a vast range of natural resources, but there are even more ways to conserve them. The ecosystem services they provide are valued atapproximately $33 trillion annually, and about a quarter of the world’s population depends on them to make a living.

Water will become a quite precious resource in a couple of years and many people will have to leave their homes due to water shortages. Due to industrial processes and the inappropriate disposal of waste, rivers and lakes have already been polluted in a severe way. However, this flawed incentive may result in a huge loss of forest land and thus to further adverse consequences arising from this forest loss.

Why is natural resource depletion a problem?

Depletion of finite resources such as oil, gas, useable water or minerals is likely to impact on world GDP well before the worst impacts of global warming. The two together are likely to constrain world food production seriously, particularly in countries with high population densities or insufficient fertile lands.

The depletion of this precious resource occurs from various industries mismanaging water supplies with little regard to the environmental repercussions. We can see this happening in places like Flint, Michigan, which has an alarming amount of lead content within its drinking water – making potable water a luxury for the city. It’s common for resources to be depleted simply through unsustainable practices but also through pollution caused by using harmful chemicals and pesticides, but also through runoff https://accounting-services.net/ from the farm. It’s often the case that some of our resources become depleted through poor human action and response. When harvesting or utilizing a resource, we not only run the risk of physically depleting it but also contaminating it through pollution. Fast Fashion – a major cause of resource depletion is our society’s obsession with fast fashion. Both concrete and clay manufacturing include energy-intensive processes for raw material extraction, transportation, and fuel sources for heating kilns.