Sustainable Resource Development

Question 1

What is supply side management in terms of managing resources?

Answer 1

Management which involves seeking methods of increasing the supply of resources.

Question 2

What is demand side management in terms of managing demand?

Answer 2

Management which involves reducing consumption of resources, individually and at all other scales.

Question 3

Give some examples of supply side management.

Answer 3

1. Increasing exploration efforts for existing non-renewable resources
2. Increasing research efforts to develop more sustainable resources to replace unsustainable ones
3. New technologies that are more sustainable and cause less environmental impact.

Question 4

Give some examples of demand side management.

Answer 4

1. Changing individual behaviour and lifestyle to discourage wasteful use of resources
2. Recycling resources after use
3. Reducing population growth with population control methods
4. Global governance methods such as Agenda 21 or the Paris Climate Agreement.

Question 5

What is an Environmental Impact Assessment (EIA)?

Answer 5

An assessment used to evaluate the likely environmental consequences of a project prior to the decision to go ahead with the proposed project.