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Natural Resources
Natural resources are raw materials that are consumed by humans
Examples: Sunlight, air, water, land , fossil fules
Natural Capital
Natural Capital is the stock of natural resources available on Earth. And providing ecosystem services for economic production
Examples: freshwater, fresh air, healthy soil, minerals, timber, vegetation, and biodiversity.
Natural Income
Natural income is the sustainable stream of goods and services produced by natural capital.
Examples: timber, crops, or fish, while services include climate regulation, water purification, and flood prevention.
The Bank Account Analogy
achieve sustainability, societies must consume only the natural income generated without depleting the underlying natural capital stock
Like living off the annual interest of a savings account without taking out inintal amount
Renewable Capital
Resources that can be replaced as fast as they are used
Examples: crops, freshwater, solar, wind
Non-Renewable Capital
Resources that cannot be replaced within a human lifetime or over a really long time on geological timescales
Example: Metallic Ores - recyclable (iron ore, copper, gold, silver, and lithium)
Non-recyclable: Coal, Natural Gas, Crude Oil, Uranium
Stage of Development
Reserves are found but cannot be extracted due to technical or financial limitations
Example: Uranium deposits in remote regions
Biotic (Living) vs. Abiotic (non-living)
Biotic includes flora, fauna, and microorganisms
Abiotic (non-living) inculdes fossil fuels, air, solar energy, and freshwater.
Ecocentric View
Emphasizes self-restraint, intrinsic valuation of nature, and ecological harmony.
Example: Indigenous populationsconsume only what is necessary
Technocentric View
Assumes technological innovation and economic growth will overcome resource depletion or material scarcity
Examples: Agricultural intensification and efficiency through the Green Revolution.
Anthropocentric
Sustainable human development managed through legal regulations, environmental taxes, government quotas, and policy framework balances.
Examples: Breeding, raising, and slaughtering animals purely for human nutrition or commercial goods
Supporting Services
ecological processes and functions necessary to maintain all other ecosystem services, without delivering direct material benefits to humans
Examples: nutrient cycling, water cycling
Provisioning Services
Material goods directly harvested or extracted from ecosystems by humans
Examples: Food crops, wild fish stocks, timber, natural fibers
Regulating Services
Benefits derived from the natural regulation of ecosystem processes
Examples: Climate regulation, flood control
Cultural Services
spiritual benefits derived from interaction with nature
Examples: Ecotourism, outdoor recreation in national parks
Intrinsic Value
ethical worth of organisms and ecosystems to exist, independent of their economic utility or benefit to humans
Example: Saving a stray dog just cuz
Economic Valuation
Putting monetary value on nature is controversial and complex because key services are priceless
Examples: Scottish natural capital valued at £200 billion
Dynamic Value
The perceived value of natural capital shifts over time due to cultural evolution, technological progress, or emerging resource scarcity
Case Studie: Costa Rica
Sustainable Development Exemplar
Embraces sustainability via principles of equity between generations shared across different communities, social classes, or nations in the current time
Government measures include banning single-use plastics, establishing Tortuguero National Park, and offering subsidies for rainwater harvesting and solar adoption
Case Studie: Sweden
Government Policy & Intervention
introduced a national carbon tax in 1991 to curtail greenhouse emissions while maintaining economic growth.
Examples show intervention through taxes, subsidies, and strict national emission targets.
Amazon Deforestation
Over-consumption & Supply Chains
800 million trees were felled across 1.7 million hectares in the Amazon rainforest for cattle ranching
EU passed a 2020 law prohibiting beef imports tied to post-2020 deforestation
Carmichael Coal Mine, Australia
Economic Interest vs. Biodiversity
Proposed coal development promises short-term economic gains but threatens the habitat of the endangered black-throated finch.
Sahel Region, Africa
Water and Biomass Insecurity
Over 60% of the Sahel is arid and 10% semi-arid; severe scarcity of water and biomass leads to low agricultural productivity and land vulnerability
Ogoni Land, Niger Delta
Resource Exploitation Conflict
Oil extraction led to severe environmental contamination, human rights abuses, and local socio-political conflicts
Global Fisheries Collapse
Excessive Consumption
Seafood production quadrupled in 50 years. Fishery collapse occurs when catch yields fall below 10% of historical maximums due to overfishing.
UN Sustainable Development Goals (SDGs)
Global action framework. SDG 12 specifically addresses Responsible Consumption and Production, striving to decouple economic growth from environmental degradation
Environmental Impact Assessments (EIAs):
Planning tools conducted before major development projects to quantify potential environmental impacts and propose mitigation strategies. They allow local citizens and stakeholders to participate directly in decision-making.
Economic Globalization & Security
Globalization expands international trade supply lines and interdependence, but can undermine national resource security when domestic supplies become vulnerable to global market disruptions