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Resource refers to all the materials available in our environment which are technologically accessible, economically feasible and culturally sustainable and help us to satisfy our needs and wants. Resources can broadly be classified according to their availability as renewable or national and international resources. An item may become a ...
Resource Consumption Accounting was also recognized in a Sustainability Framework Report issued by the International Federation of Accountants (IFAC), for having the capability of helping organizations "improve their understanding of environmental (and social) costs through their costing systems and models". [6]
Measures of resource consumption are resource intensity and resource efficiency. Industrialization and globalized markets have increased the tendency for overconsumption of resources. The resource consumption rate of a nation does not usually correspond with the primary resource availability, this is called resource curse.
The UNRMS was initiated in 2017 and goes beyond classification, offering a holistic approach to resource management. It promotes technologies for efficient resource discovery, recovery, and processing. The UNRMS is a significant step towards harmonizing economic, environmental, and social objectives in resource utilization. [5]
The Residential Energy Services Network is a crucial benchmark for energy reduction (RESNET). [2] The Home Energy Rating System (HERS) of RESNET, which is based on the International Code Council's (ICC) energy code, is used to rate home energy consumption with a standard numerical scale that examines factors in home energy use (About HERS 2018 ...
Natural resource management (NRM) is the management of natural resources such as land, water, soil, plants and animals, with a particular focus on how management affects the quality of life for both present and future generations (stewardship). Natural resource management deals with managing the way in which people and natural landscapes interact
Natural resources can be a substantial part of a country's wealth; [7] however, a sudden inflow of money caused by a resource extraction boom can create social problems including inflation harming other industries ("Dutch disease") and corruption, leading to inequality and underdevelopment, this is known as the "resource curse".
Resource intensity is a measure of the resources (e.g. water, energy, materials) needed for the production, processing and disposal of a unit of good or service, or for the completion of a process or activity; it is therefore a measure of the efficiency of resource use.