✅ 3.2.5.1 RESOURCE SECURITY - Resource Development Flashcards
What is a resource
Any aspect of the natural environment that can be used by humans to meet their needs
Stock Resources
Stock resources can run out and can’t be replaced in the foreseeable future (the planet has a limited ‘stock’, which when used up won’t be replaced within human timescales).
Fossil fuels (coal, oil and gas) are stock resources- they take millions of years to form, so when used up are no longer available.
How can stock resources be divided up further
Stable resources (e.g diamonds)
Expandable/ exhaustible (e.g fossil fuels)
Reusable/ recyclable (e.g aluminium)
Flow resources
Flow resources are resources that can be replenished.
They include resources that will never run out.
Some don’t rely on human input to manage them, e.g. sunlight, wind.
What is a critical flow resource
A flow resource that may require careful management by humans to ensure they are replenished, e.g. wood from forests.
What is a reserve
A known quantity of a resource (usually minerals) which are currently available for extraction, with the technological ability to obtain them economically & there is legal entitlement to do so
What factors are considered to make a resource a reserve
Political and legal access
Physical availability
Economic viability
Sustainability concerns
Technological ability to access
What is an example of law preventing a resource becoming a reserve
The Antarctic Treaty
Economically viable
If it can be extracted and sold whilst still making a profit.
Possible resources
Possible resources these are resources that are thought to exist (e.g. based on knowledge of local geology), but haven’t been sampled.
Inferred resources
Inferred resources- these are resources that have been identified (e.g. from limited samples of local geology) but haven’t been measured.
Indicated reserve
Indicated reserve the size of the reserve has been partly measured, and the measurements have been used to estimate the actual extent.
Measured reserve
Measured reserve - the size of the reserve has been measured and is known accurately.
Resource Frontier
A resource frontier is a place with abundant natural resources that are being exploited for the first time. Areas often haven’t previously been exploited because they are geographically remote (e.g. the Arctic) or hard to access (e.g. very mountainous or sub-sea areas).
Resource frontiers often develop as other, more accessible, resources are depleted. Ongoing or increasing demand makes it necessary or economically viable to exploit areas that weren’t previously worth exploiting.
What is an EIA
An Environmental Impact Assessment (EIA) is undertaken before a new development project is started. It’s used to assess the potential environmental effects of the development, as well as related social, economic and cultural impacts. These are used to decide whether it can go ahead.
Many LICs such as South Africa require EIAs to be undertaken