1.4 Sustainability Flashcards
What is a “resource”?
A stock of some material or service that is of use or value to humans
What is “natural capital”?
Natural resources that can produce a sustainable natural income of goods and services.
What is “stock”?
The stock is the present accumulated quantity of natural capital. It is a supply built up for future use.
What is “natural income”?
The yield obtained from natural resources.
What are the 4 general services natural capital provides us with?
- Provisioning - (products from ecosystems)
–> Food, wood, water, plants used in medicine, rubber, - Regulating - (benefits from ecosystem processes)
–> Purification of air and water, decomposition of waste, regulation of pollution - Cultural - (non-material benefits for ecosystems)
–> Recreation, religious, educational, touristic - Supporting - (essentials for life)
–> Primary productivity, nutrient cycling, soil formation
What is “renewable natural capital”?
Renewable natural capital can be generated and/or replaced as fast as it is being used, includes:
–> Living species and ecosystems that use solar energy and photosynthesis
–> Non-living items (eg. groundwater and the ozone layer)
What is “non-renewable natural capital”?
Natural capital that is either irreplaceable or only replaced over geological timescales
What are “recyclable resources”?
Iron ore is a non-renewable resource.
HOWEVER, the iron produced from iron ore can be recycled and thus becomes a renewable resource.
Does a natural resource always hold the same value?
NO!
Dynamic nature of a resource:
The importance of a particular resource varies over time. A resource available today may NOT be a resource in the future…
–> Eg. Uranium is far more important now due to its use in generating nuclear energy
What are some different ways in which humans may value natural resources?
- Ecological (providing life support services)
–> biodiversity maintenance, role in water cycle - Scientific (useful for applications)
–> source of potential medicine, sources of genes for genetic engineering - Economic (having marketable goods or services)
–> ecotourism, forest crops, timber, minerals - Intrinsic (having cultural, aesthetic, spiritual or philosophical values)
–> cultural identity, intellectual stimulation
What’s the problem with valuing natural resources?
Natural resources of ecological value have no formal market price.
–> (How do you value photosynthesis, nitrogen fixation…. these are essential for our existence but taken for granted….)
What are “use values”?
natural capital that we can put a price on!
- Direct use value
Ecosystem goods and services directly used by humans - Indirect use value
Values derived from ecosystem services that provide benefits outside the ecosystem itself - Optional value
Derived from the potential future use of ecosystem goods and services not currently
What are “non-use values”?
Natural capital we can’t put a price on…
–> include the intrinsic and aesthetic values of a resource.
What is the difference between “use values” and “non-use values”?
Use values - can be priced
Non-use values - can NOT put a price on this
What is the definition of “sustainability”?
“Use and management of resources that allow full natural replacement of the resources exploited and full recovery of the ecosystems affected by their extraction and use”