Sustainable Use of Natural Resources

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According to the UN Environment Assembly, “Only through innovation can our generation move our world closer to the vision set out in “The future we want”, the outcome document of the 2012 United Nations Conference on Sustainable Development which affirms that “poverty eradication, changing unsustainable and promoting sustainable patterns of consumption and production and protecting and managing the natural resource base of economic and social development are the overarching objectives of an essential requirements for sustainable development.”

Resources are the trinkets of every nation’s economy. The transformation of natural resources into capital stocks contributes in the proliferation of wealth both for the present and the future generation. However, the current scenario of our existing resources use is such that the probability of the future generation and the developing countries to have admittance to their fair share of inadequate resources are endangered. The utilization of natural resources has been increasing day by day due to the escalating population. The contemporary world is living on a rapidly temperate, contaminated planet that is hastily mislaying it biodiversity.

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The amount of natural resources usage is to such loftiness that it has outshined numerous ecological brinks mapped by science. Moreover, the consequences of the resources use in terms of impacts on the environment may bring about weighty damages that can go afar from the haulage capacity of the environment. The median projected population is expected to rise to almost 10 billion by 2050 and more than 11 billion by the end of the century. If the population increase is linked to rising levels of consumption, the pressures on global resources will be greater than at any other time in human history, creating competition for resources and overstretching the planet’s regenerative capacity. Of these 10 billion people, 6.5 to 7 billion will live in cities and 2 to 3 billion will live in informal settlements in these cities. Innovative solutions will need to consider issues of equity and equitable distribution to this large population living and working in informal sectors.

For a developing country like India, resource efficiency is predominantly relevant. The quick change of its economy, population outburst, growing urbanization, improved income and emerging middle class and the government plan for brisk industrial push, each of these point towards growing demand for resources. In these circumstances, the idea of using resources in a further proficient manner is the way forward. India’s per capita consumption of material is estimated less than half of the global average. But because of the outsized population, India’s total resources consumption is gradually sky-scraping.

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