Resource security Flashcards
Resource
Any aspect of the natural environment that can be used to meet human needs.
Resource security:
The ability of a country to safeguard a reliable and sustainable flow of resources to maintain living standards of its population while ensuring ongoing economic and social development.
Reserve
The part of the resource that is available/viable to extract under existing economic, political and technological conditions.
Primary energy
Resources used in their natural form to produce power - e.g. crude oil, HEP, wood
Secondary energy
Resources from converting a primary energy source into a new form - e.g. petrol, electricity, charcoal
Possible resources
Thought to exist but not sampled
Inferred resources
Identified (e.g. from limited samples of local geology) but not measured
Measured resources
Size measured and known accurately, grade, quality known to allow to determine as proven reserves
Indicated resources
Size of the reserve partly measured and the extent estimated
What three factors does resource security involve
Physical; economic and geopolitical
Stock resources
Non-renewable; finite supply can be permanently expendings; quantity in absolute amounts; compound deposits e.g. fossil fuels
Flow resources
Renewable; can be replaced in a sufficiently short time to be relevant to decision makers; annual rates e.g. freshwater; solar
Critical flow resources
Flows that are only renewable if human use remains at or below their capacity to reproduce/regenerate e.g. timber
Recoverable reserve
Amount of resources likely to be extracted for commercial use within a certain time period and at a certain level of extraction.
Possible reserve
Deposits thought to exist because geological terrain is similar to other areas that have yielded deposits but no exploration yet