Exploitation Of Natural And Energy Resources Pdf

File Name: exploitation of natural and energy resources .zip
Size: 2244Kb
Published: 20.01.2021

13. Exploitation of Natural Resources

Learning about the role of natural resources allows for the development of more sustainable methods to manage resources and make sure that they are maintained for future generations. The goal of natural resource economics is to develop an efficient economy that is sustainable in the long-run. Importance of the Environment : This diagram illustrates how society and the economy are subsets of the environment.

It is not possible for societal and economic systems to exist independently from the environment. For this reason, natural resource economics focuses on understanding the role of natural resources in the economy in order to develop a sufficient and sustainable economy that protects natural resources.

Natural resources are derived from the environment. Some of the resources are essential to survival, while others merely satisfy societal wants. Every man-made product in an economy is composed of natural resources to some degree. There are numerous ways to classify the types of natural resources, they include the source of origin, the state of development, and the renewability of the resources.

There is constant worldwide debate regarding the allocation of natural resources. The discussions are centered around the issues of increased scarcity resource depletion and the exportation of natural resources as a basis for many economies especially developed nations. The vast majority of natural resources are exhaustible which means they are available in a limited quantity and can be used up if they are not managed correctly.

Natural resource economics aims to study resources in order to prevent depletion. Natural resource utilization is regulated through the use of taxes and permits. The government and individual states determine how resources must be used and they monitor the availability and status of the resources. An example of natural resource protection is the Clean Air Act.

The act was designed in to control air pollution on a national level. Regulations were established to protect the public from airborne contaminants that are hazardous to human health. The act has been revised over the years to continue to protect the quality of the air and health of the public in the United States.

Wind : Wind is an example of a renewable natural resource. It occurs naturally in the environment and has the ability to replenish itself. It has also been used as a form of energy development through wind turbines.

The main objective of natural resource economics is to gain a better understanding of the role of natural resources in the economy. By studying natural resources, economists learn how to develop more sustainable methods of managing resources to ensure that they are maintained for future generations.

Economists study how economic and natural systems interact in order to develop an efficient economy. As a field of academic research, natural resource economics addresses the connections and interdependence between human economies and natural ecosystems. Natural Resource Economics : This diagram illustrates that society and the economy are subsets of the environment.

It is not possible for social and economic systems to exist independently from the environment. Natural resource economics focuses on the demand, supply, and allocation of natural resources to increase sustainability.

Economists study the commercial and recreational use and exploitation of resources. Traditionally, natural resource economics focused on fishery, forestry, and mineral models. However, in recent years many more topics have become increasingly important, including air, water, and the global climate. Natural resource economics is studied on an academic level, and the findings are used to shape and direct policy-making for environmental issues.

Additionally, research topics of natural resource economists can include topics such as the environmental impacts of agriculture, transportation and urbanization, land use in poor and industrialized countries, international trade and the environment, and climate change.

The findings of natural resource economists are used by governments and organizations to better understand how to efficiently use and sustain natural resources. The findings are used to gain insight into the following environmental areas:. Production and use of resources can have a positive or negative effect on the allocation of the natural resources. Resource allocation is division of goods for the use of production within the economy. The needs and wants of society as well as industries impact what is produced.

Suppliers focus on producing the varieties of goods and services that will yield the greatest satisfaction to consumers. In the long run, externalities directly impact resource allocation.

It must be determined whether the production, as well as the process of production, creates more benefits that costs for the producers, consumers, and society as a whole. An externality is a cost or benefit that affects a party who did not choose to incur the cost or benefit. In regards to natural resources, production and use of resources can have a positive or negative effect on the allocation of the resources.

A negative externality, also called the external cost, imposes a negative effect on a third party to an economic transaction. Many negative externalities impact natural resources negatively because of the environmental consequences of production and use. For example, air pollution from factories and vehicles can cause damage to crops.

Likewise, water pollution has a negative impact of plants and animals. Negative externality : Air pollution from vehicles is an example of a negative externality. It affects other than those who drive the vehicle and those who sell the gas.

In the case of negative externalities, the marginal private cost of consuming a good is less than the marginal social or public cost. The marginal social benefit should equal the marginal social cost i. When external costs are present, the use of natural resources is inefficient because the social benefit is less than the social cost. In other words, society and the natural resources involved would have been better off if the natural resources had not been used at all. Developed countries use more natural resources and must enact sustainable development plan for the use of resources.

Human needs must be met, but the environment and natural resources must be preserved. Examples of resource depletion include mining, petroleum extraction, fishing, forestry, and agriculture. Positive externalities, also referred to as external benefits, impose a positive effect on a third party. An example of a positive externality is when crops are pollinated by bees from a neighboring bee farm. In order to achieve the socially optimal equilibrium, the marginal social benefit should equal the marginal social cost i.

Assuming that natural resources are used and also sustained, the external benefits of goods produced by natural resources impacts the majority of the public in a positive way. Privacy Policy. Skip to main content. Natural Resource Economics.

Search for:. Introduction to Natural Resource Economics. Learning Objectives Analyze natural resource economics and explain the types of natural resources that exist. Natural resources can be classified as potential, actual, reserve, or stock resources based on their stage of development. Natural resources are either renewable or non-renewable depending on whether or not they replenish naturally. Key Terms natural resource : Any source of wealth that occurs naturally, especially minerals, fossil fuels, timber, etc.

Renewable : Sustainable; able to be regrown or renewed; having an ongoing or continuous source of supply; not finite. Learning Objectives Explain basic natural resource economics.

Key Takeaways Key Points As a field of academic research, natural resource economics addresses the connections and interdependence between human economies and natural ecosystems. These issues include resource extraction, depletion, protection, and management. Natural resource economics findings impact policies for environmental work including issues such as extraction, depletion, protection, and management.

Externalities and Impacts on Resource Allocation Production and use of resources can have a positive or negative effect on the allocation of the natural resources. Learning Objectives Examine externalities and how they the impact resource allocation of natural resources. Key Takeaways Key Points An externality is a cost or benefit that affects a party who did not choose to incur the cost or benefit.

A negative externality, also called the external cost, imposes a negative effect on a third party. When external costs are present, the market equilibrium use of natural resources is inefficient because the social benefit is less than the social cost. In other words, society would have been better off if fewer natural resources had been used. Positive externalities, also referred to as external benefits, imposes a positive effect on a third party.

Key Terms externality : An impact, positive or negative, on any party not involved in a given economic transaction or act. Licenses and Attributions. CC licensed content, Shared previously.

What is the Depletion of Natural Resources?

As we noted in Chapter 12, the reserves of non-renewable resources are inexorably diminished as they are extracted from the environment and used in the human economy. This is because non-renewable resources are finite in quantity and their stocks do not regenerate after they are mined. Note that the word reserve has a specific meaning here — it is used to denote a known amount of material that can be economically recovered from the environment that is, while making a profit. Of course, continuing exploration may discover previously unknown deposits of non-renewable resources. If that happens, there is an increase in the known reserves of the resource. Changes in the value of non-renewable commodities also affect the sizes of their economically recoverable reserves. An improvement of technology may have the same effect, for instance, by making it profitable to process ores mine that were previously non-economic.

Commonwealth countries are endowed with immense and precious natural resources. These include millions of square kilometres of ocean space, significant renewable wind, solar and non-renewable resources oil, gas, minerals. When managed equitably and sustainably, the exploitation of natural resources bolsters national resilience to economic and social crises, improving prosperity for all citizens. The Commonwealth Secretariat assists its member countries to sustainably manage their natural resources, in the ocean and on land, for the benefit of present and future generations. The programme is delivered through direct advisory support, capacity building and collaborations.

Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. See our User Agreement and Privacy Policy. See our Privacy Policy and User Agreement for details. Published on Dec 17, SlideShare Explore Search You.


Exploiting Natural Resources: Growth, Instability, and Conflict in the Middle East ing up global demand for raw materials, industrial inputs, and energy. org/​minerals/cd/docs/twb/mining_katcompany.org; accessed June 20, ().


Exploitation of natural resources

Learning about the role of natural resources allows for the development of more sustainable methods to manage resources and make sure that they are maintained for future generations. The goal of natural resource economics is to develop an efficient economy that is sustainable in the long-run. Importance of the Environment : This diagram illustrates how society and the economy are subsets of the environment.

Thank you for visiting nature. You are using a browser version with limited support for CSS. To obtain the best experience, we recommend you use a more up to date browser or turn off compatibility mode in Internet Explorer. In the meantime, to ensure continued support, we are displaying the site without styles and JavaScript.

Minerals provide the material used to make most of the things of industrial- based society; roads, cars, computers, fertilizers, etc. Demand for minerals is increasing world wide as the population increases and the consumption demands of individual people increase.

The exploitation of natural resources is the use of natural resources for economic growth , [1] sometimes with a negative connotation of accompanying environmental degradation. It started to emerge on an industrial scale in the 19th century as the extraction and processing of raw materials such as in mining , steam power , and machinery developed much further than it had in preindustrial areas. During the 20th century, energy consumption rapidly increased. Intensive agriculture is an example of a mode of production that hinders many aspects of the natural environment , for example the degradation of forests in a terrestrial ecosystem and water pollution in an aquatic ecosystem.

Беккер еще сильнее вцепился во внутреннюю часть проема и оттолкнулся ногами. Тело налилось свинцовой тяжестью, словно кто-то изо всех сил тянул его. Беккер, стараясь преодолеть эту тяжесть, приподнялся на локтях.

Один за всех и все за одного. Сьюзан отпила глоток чая и промолчала. Хейл пожал плечами и направился к буфету. Буфет всегда был его первой остановкой.