Resource Management 💡 Flashcards
What is a resource
Anything that is used to satisfy human needs
What percentage of global energy is from non renewables
87%
What is energy security
More energy is being produced than used (surplus)
What is energy insecurity
More energy is used than produced (deficit)
Why is the energy gap widening
Fossil fuels are being deliberately phased out (due to agreements to reduce co2 emissions) but the renewables needed to replace this loss cannot be developed fast enough
Name 3 factors that could affect energy supply
Cost
Geology
Climate
Name 3 factors affecting energy consumption
Development
Population
Technology
Why is cost effecting energy supply
Power stations (especially renewables) are a huge investment and expensive to build
Why are physical factors affecting energy supply
Geology determines availability of fossil fuels
Geothermal energy requires a specific tectonic environment
How is technology effecting energy supply
Allows energy sources in remote areas to be used
How is climate effecting energy supply
Conditions can influence availability of solar and wind power
How do political factors affect energy supply
Decides which countries to exploit and obtain energy from
Choice of renewable / non-renewable sources
How is population affecting energy consumption
As population increases demand for energy also increases
How does an increase in income affect energy consumption
As the world develops e.g. NEEs, there is more demand for energy due to economic growth meaning greater wealth
How does technology affect energy consumption
Increasing use of technology improves quality of life
In turn means a richer world which can afford energy
What does supply mean
A stock or amount of something supplied or available for use
What does demand mean
The constant need of desire to use a product which needs energy at convenience
What does surplus mean
When demand is lower than supply
What does deficit mean
When the demand for a resource is greater than the supply
What is equilibrium
When supply and demand are completely equal
What are the 3 options to overcome energy insecurity within a country
Further exploitation of its own resources
Import energy from other countries
Reduce energy consumption within their country
Name 3 benefits of exploiting resources in the Arctic
There are large new reserves
Close to import markets (Europe and US)
Costs are reduced due to arctic ice melting