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Natural resource

Resources that exist without actions of humankind

  • 9 min read
  • 5 chapters
  • 6 labs on Lably
Tropical rainforest, Fatu Hiva Island, Marquesas Islands, French Polynesia
Makemake at de.wikipedia · CC BY-SA 3.0

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Natural resources are part of humanity's natural heritage or protected in nature reserves. Particular areas (such as the rainforest in Fatu-Hiva) often feature biodiversity and geodiversity in their ecosystems. Natural resources may be classified in different ways. Natural resources are materials and components (something that can be used) found within the environment. Every man-made product is composed of natural resources (at its fundamental level).

A natural resource may exist as a separate entity, such as freshwater, air, or any living organism, such as a fish, or it may be transformed by extractivist industries into an economically useful form that must be processed to obtain the resource, such as metal ores, rare-earth elements, petroleum, timber, and most forms of energy. Some resources are renewable, which means that they can be used at a certain rate, and natural processes will restore them. In contrast, many extractive industries rely heavily on non-renewable resources that can only be extracted once.

Natural resource allocations can be at the centre of many economic and political confrontations both within and between countries. This is particularly true during periods of increasing scarcity and shortages (depletion and overconsumption of resources). Resource extraction is also a major source of human rights violations and environmental damage. The Sustainable Development Goals and other international development agendas frequently focus on creating more sustainable resource extraction, with some scholars and researchers focused on creating economic models, such as circular economy, that rely less on resource extraction, and more on reuse, recycling and renewable resources that can be sustainably managed.

Classification

There are various criteria for classifying natural resources. These include the source of origin, stages of development, renewability, and ownership.

Origin

Stage of development

  • Potential resources: Resources that are known to exist but have not been utilized yet. These may be used in the future. For example, petroleum in sedimentary rocks that, until extracted and put to use, remains a potential resource.
  • Actual resources: Resources that have been surveyed, quantified, and qualified and are currently used in development. These are typically dependent on technology and the level of their feasibility, wood processing for example.
  • Reserves: The part of an actual resource that can be developed profitably in the future.
  • Stocks: Resources that have been surveyed but cannot be used due to lack of technology, hydrogen vehicles for example.

Renewability/exhaustibility

  • Renewable resources: These resources can be replenished naturally. Some of these resources, like solar energy, air, wind, water, etc., are continuously available, and their quantities are not noticeably affected by human consumption. Though many renewable resources do not have such a rapid recovery rate, these resources are susceptible to depletion by overuse. Resources from a human use perspective are classified as renewable so long as the rate of replenishment/recovery exceeds that of the rate of consumption. Renewable resources replenish easily when compared to non-renewable resources.
  • Non-renewable resources: These resources are formed over a long geological time period in the environment and cannot be renewed easily. Minerals are the most common resource included in this category. From the human perspective, resources are non-renewable when their rate of consumption exceeds the rate of replenishment/recovery; a good example of this is fossil fuels, which are in this category because their rate of formation is extremely slow (potentially millions of years), meaning they are considered non-renewable. Some resources naturally deplete in amount without human interference, the most notable of these being radioactive elements such as uranium, which naturally decay into heavy metals. Of these, the metallic minerals can be reused by recycling them, but coal and petroleum cannot be recycled.

Ownership

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