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A coal mine in Wyoming, United States. Coal, produced over millions of years, is a finite and non-renewable resource on a human time scale.. 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]
Alternative fuels, also known as non-conventional and advanced fuels, [1] are fuels derived from sources other than petroleum. [2] Alternative fuels include gaseous fossil fuels like propane , natural gas , methane , and ammonia ; biofuels like biodiesel , bioalcohol , and refuse-derived fuel ; and other renewable fuels like hydrogen and ...
Conversely, nations abundant in renewable resources, and the minerals required for renewables technology, are expected to gain influence. [ 230 ] [ 231 ] In particular, China has become the world's dominant manufacturer of the technology needed to produce or store renewable energy, especially solar panels , wind turbines , and lithium-ion ...
Pages in category "Non-renewable resources" The following 4 pages are in this category, out of 4 total. This list may not reflect recent changes. ...
Energy resources may be classified as primary resources, where the resource can be used in substantially its original form, or as secondary resources, where the energy source must be converted into a more conveniently usable form. Non-renewable resources are significantly depleted by human use, whereas renewable resources are produced by ...
[123] [124] Although the uranium ore used to fuel nuclear fission plants is a non-renewable resource, enough exists to provide a supply for hundreds to thousands of years. [ 125 ] [ 126 ] However, uranium resources that can be accessed in an economically feasible manner, at the present state, are limited and uranium production could hardly keep ...
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.
Hotelling's rule is a 1938 economic model of non-renewable resource management by Harold Hotelling. It shows that efficient exploitation of a nonrenewable and nonaugmentable resource would, under otherwise stable economic conditions, lead to a depletion of the resource.