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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.
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]
Environmental degradation is the deterioration of the environment through depletion of resources such as quality of air, water and soil; the destruction of ecosystems; habitat destruction; the extinction of wildlife; and pollution. It is defined as any change or disturbance to the environment perceived to be deleterious or undesirable.
Natural forests are extremely biodiverse, with a wide range of organisms using them as their habitat. But oil palm plantations are the opposite. But oil palm plantations are the opposite. Studies have shown that oil palm plantations have less than 1% of the plant diversity seen in natural forests, and 47–90% less mammal diversity. [ 109 ]
In "Natural Resources, National Accounting and Economic Depreciation", John Hartwick presents an accounting methodology to find NNP, inclusive of the depletion of natural resource stock, by representing the use of natural resources as "economic depreciation magnitudes".
Environmental degradation is the deterioration of the environment through depletion of resources such as quality of air, water and soil; the destruction of ecosystems; habitat destruction; the extinction of wildlife; and pollution. It is defined as any change or disturbance to the environment perceived to be deleterious or undesirable.
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 ...
This perspective proposes that the earth, being the commons, has suffered a depletion of natural resources without regard to the externalities, the impact on neighboring and future populations. The collective actions of individuals, organisations, and governments continue to contribute to environmental degradation .