Resource security Flashcards
Concept of a resource
A resource can be defined as any aspect of the natural enviroment that can be used to meet human needs.
- They are a material source of wealth and they can be useful or neccesary.
- They carry economic value and can be used to improve wealth and economic development.
Resource security
This is usually determined at the national level although can also be applied to global scales.
It refers to the ability of a country to safeguard a reliable and sustainable flow of resources to maintain the living standards of the population.
A country should develop the necessary reources from ite own enviroment or be able to secure it from a trading partner.
Stock resources
- These are compound depositis of materials which have taken millions of years to form, usually on or in the earths crust.
- From a economic persepctive stock resources have a ‘fixed’ or finite supply as once they are used they cannot be replenished.
Flow resources
- This are those which can be naturally renewed within a sufficiently short time spand to be relevant to decision makers.
- There are flows that are not dependant on human activity and flows which are renweable if human use remains at or below their capacity to reporduce or regenerate. These are CRITICAL flow resources.
Non-renweable energy resources
These are those that have been built up or have evolved over time. They cannot be used without depleting the stock because their rate of formation is so slow that it is irrelavent in terms of a human life span.
E.G
Fossil fuels such as oil, natural gas and coal, but also include uranium used for nuclear energy.
Renewable energy resources
These yield a continuous flow that can be consumer in any given period of time without endagering future consumption.
E.G Solar, HEP, geothermal energy, wave and tidal power.
Renewable energy resources can be divided into two…
Critical, sustainable energy resources from forests, plants and other biomass, if they are exploited at a faster rate than they are replaced they can be depleted and therfore require manegement WATER
Non-critical, ‘everlasting’ resources such as tides, waves, and solar power.
Resource manegement and sustainable development
Resource manegement involves controlling the exploitation and use of resources in relation to the associated economic and enviromental costs. A key element of this is sutainable development, which requires a contolled system of manegement to ensure that the current level of exploitation does not compromise the ability of future generations to meet their needs
Stock resources evaluation
- Stock resources are mainly mineral depositis found in or on the earths crust. Mineral resources are a concentration of naturally occuring solid, liquid or gaseous, inroganic or fossilised material.
- These depositis are very valuable, particulary when discovered in sufficient quantity and sucg grade of quality that the reasonable prospects of economc extraction exist.
Distinction between resources and reserves
The term resourcses includes all depositis of mineral resources whether undiscovered, discovered or discovered but not econmically viable.
Alternatley reservers are the parts of the resource that are economically and legaly viable.
Measured reserves
This is the part of the resource for which quantity, grade or quality, densities and physical characterisits are so well establsihed they can be estimated with confidence.
Enough information and confidence of establsihed grade and quality can even be ‘proven reservers’
Indicated reservers
This is the part of a resource where the quantity, grade or quality, densities and physical charactertisics can be estimated with a level of confidence sufficient enough to allow further evaluation of the economic viability of the deposit.
This the allows for a preliminary study which can serve as the basis for development and allow for conversion to probable reserve.
Inffered resources
This is the part of the resource where the quantity, grade or quality, densities and physical characterstics can only be estimated on the basis of limited geological sampling.
- Uncertainty
- It cannot be assumed that they will upgrade to indicated or measured resources after further exploration.
- Insuficient information for now and remain ‘possible reserves’
Possible resources
Different to possible reservers
- Based on broad geological knowledge of the existence of other, mostly undiscovererd, depositis and a expectation that they will become more economically viable in the long term.
Resource development over time
Exploration
Exploitation
Development
Risks of exploitation of resources
Physical risks include accesibility of the resources available in an area or country.
Geopoltical risks include the concentration of production in a relatively small number of countries and the confdience of the the country to trade with otheres
What do physical things of exploitation depend on
- The quantity of the resource that has been found, the quality of resources in the reserve, accessibilty and physical location and the technology available to extract.
Exploration
Price or value of the resource may increase, prompting the exploration of reserves in more remote locations, as they become mre viable for production.
Cycle of natural resource development
- Available land or sea
- Exploration rights and licences
- Evaluation and enviromental assesment
- Construction on the site
- Operation (extraction)
- Closure of site
Resource frontier
This refers to an area where resources are brought into production for the first time.
Resource peak
This refers to the tme of maximum rate of production of a resource, either from a given reserve or the resource as a whole.
Concept of ‘peak oil’ is the idea that production of oil would peak and then enter a decline.
Issues with our current resource use
- The chance of future generations, aprticulary in low income and developing countries to have access to their fair share of resources is endangered.
- The consequences of our resource use in terms of enviromental impacts will cause damage that goes beyond the carrying capacity of the planet.
- When the developing world attains the level of growth and resohrce use as industrialised countries this issue will grow.
Methods of sustaiablity
Demand sided
Supply sided
Reducing depletion
This is the consumption of a resource faster than it can be replenished and is mostly applied to our use of non-renewable fossil fuels such as coal, oil, gas and WATER.
Supply sided manegement
- Increase exploration efforts for existing non-renewables.
- Increasing reaserch efforts to develop more sustainable alterantive or susitute resources to replace unsustainable ones.
- New technologies that are more sustainable and cause less enviromental impacts.