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This in turn can lead to more pressure on water resources and natural ecosystems. The approximate 50% growth in world energy use by 2040 will also increase the need for efficient water use. [80] It may means some water use shifts from irrigation to industry. This is because thermal power generation uses water for steam generation and cooling. [81]
Environmental resource management is an issue of increasing concern, as reflected in its prevalence in several texts influencing global sociopolitical frameworks such as the Brundtland Commission's Our Common Future, [3] which highlighted the integrated nature of the environment and international development, and the Worldwatch Institute's annual State of the World reports.
Economic gains from natural resources are mostly beneficial when directed towards initiatives such as job creation, skill enhancement, capacity building, and pursuit of long-term developmental objectives. Thus, reliance on one or more natural resources holds financial risk when aiming for a stable economic growth. [28]
Natural resource management is a discipline in the management of natural resources such as land, water, soil, plants, and animals—with a particular focus on how management affects quality of life for present and future generations. Hence, sustainable development is followed according to the judicious use of resources to supply present and ...
The depletion of resources has been an issue since the beginning of the 19th century amidst the First Industrial Revolution.The extraction of both renewable and non-renewable resources increased drastically, much further than thought possible pre-industrialization, due to the technological advancements and economic development that lead to an increased demand for natural resources.
[5] [6] The loss of biodiversity has been attributed in particular to human overpopulation, continued human population growth and overconsumption of natural resources by the world's wealthy. [ 7 ] [ 8 ] A 2020 report by the World Wildlife Fund found that human activity – specifically overconsumption, population growth and intensive farming ...
Scarcity also includes an individual's lack of resources to buy commodities. [2] The opposite of scarcity is abundance. Scarcity plays a key role in economic theory, and it is essential for a "proper definition of economics itself". [3] "The best example is perhaps Walras' definition of social wealth, i.e., economic goods. [3] 'By social wealth ...
As freshwater is a vital, yet unevenly distributed natural resource, its availability often influences the living and economic conditions of a country or region. The lack of cost-effective water supply options in areas like the Middle East, [ 9 ] among other elements of water crises can put severe pressures on all water users, whether corporate ...