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A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. [1] An example is carbon-based fossil fuels. The original organic matter, with the aid of heat and pressure, becomes a fuel such as oil or gas.
Hotelling's rule. Hotelling's rule defines the net price path as a function of time while maximizing economic rent in the time of fully extracting a non-renewable natural resource. The maximum rent is also known as Hotelling rent or scarcity rent and is the maximum rent that could be obtained while emptying the stock resource.
Primary energy (PE) is the energy found in nature that has not been subjected to any human engineered conversion process. It encompasses energy contained in raw fuels and other forms of energy, including waste, received as input to a system. Primary energy can be non-renewable or renewable. Total primary energy supply (TPES) is the sum of ...
Sand is a non-renewable resource over human timescales, and sand suitable for making concrete is in high demand. [3] Desert sand, although plentiful, is not suitable for concrete. Fifty billion tons of beach sand and fossil sand are used each year for construction. [4]
Natural-resource meaning [:] An actual or potential form of wealth supplied by nature, as coal, oil, water power, timber, arable land, etc. A material source of wealth, such as timber, fresh water, or a mineral deposit, that occurs in a natural state and has economic value. Something, such as a forest, a mineral deposit, or fresh water, that is ...
Even though metals can be recycled and reused, whereas petroleum and gas cannot, they are still considered non-renewable resources. Renewable resources, such as forests and fisheries, can be replenished or reproduced relatively quickly. The highest rate at which a resource can be used sustainably is the sustainable yield. Some resources, such ...
Carbon-neutral fuel is fuel which produces no net- greenhouse gas emissions or carbon footprint. In practice, this usually means fuels that are made using carbon dioxide (CO 2) as a feedstock. Proposed carbon-neutral fuels can broadly be grouped into synthetic fuels, which are made by chemically hydrogenating carbon dioxide, and biofuels, which ...
Sustainable energy. Low-carbon electricity or low-carbon power is electricity produced with substantially lower greenhouse gas emissions over the entire lifecycle than power generation using fossil fuels. [citation needed] The energy transition to low-carbon power is one of the most important actions required to limit climate change.