Conversely, resources such astimber (whenharvested sustainably) and wind (used to power energy conversion systems) are consideredrenewable resources, largely because their localized replenishment can also occur within human lifespans.
Earth minerals andmetal ores are examples of non-renewable resources.[according to whom?] The metals themselves are present in vast amounts in Earth'scrust, and their extraction by humans only occurs where they are concentrated bynatural geological processes (such as heat, pressure, organic activity, weathering and other processes) enough to become economically viable to extract. These processes generally take from tens of thousands to millions of years, throughplate tectonics,tectonic subsidence andcrustal recycling.[citation needed]
The localized deposits of metal ores near the surface which can be extracted economically by humans are non-renewable in human time-frames. There are certainrare earth minerals andelements that are more scarce and exhaustible than others. These are in high demand inmanufacturing, particularly for theelectronics industry.[citation needed]
Natural resources such ascoal,petroleum (crude oil) andnatural gas take thousands of years to form naturally and cannot be replaced as fast as they are being consumed. It is projected that fossil-based resources will eventually become too costly to harvest and humanity will need to shift its reliance torenewable energy such as solar or wind power.
An alternative hypothesis is that carbon-based fuel is virtually inexhaustible in human terms, if one includes all sources of carbon-based energy such as methane hydrates on the sea floor, which are much greater than all other carbon-based fossil fuel resources combined.[2] These sources of carbon are also considered non-renewable, although their rate of formation/replenishment on the sea floor is not known. However, their extraction at economically viable costs and rates has yet to be determined.
At present, the main energy source used by humans is non-renewablefossil fuels. Since the dawn ofinternal combustion engine technologies in the 19th century, petroleum and other fossil fuels have remained in continual demand. As a result, conventionalinfrastructure andtransport systems, which are fitted to combustion engines, remain predominant around the globe.
The modern-day fossil fuel economy is widely criticized for its lack of renewability, as well as being a contributor toclimate change.[3]
Rössing uranium mine is the longest-running and one of the largestopen pit uranium mines in the world; in 2005 it produced eight percent of global uranium oxide needs (3,711 tons).[4] The most productive mines are the undergroundMcArthur River uranium mine in Canada, which produces 13% of the world's uranium, and the underground poly-metallicOlympic Dam mine in Australia, which is mainly a copper mine, but contains the largest known reserve of uranium ore.Annual release of "technologically enhanced"/concentratednaturally occurring radioactive material,uranium andthoriumradioisotopes naturally found in coal and concentrated in heavy/bottomcoal ash and airbornefly ash.[5] As predicted byORNL to cumulatively amount to 2.9 million tons over the 1937–2040 period, from the combustion of an estimated 637 billion tons of coal worldwide.[6] This 2.9 million tons ofactinide fuel, a resource derived from coal ash, would be classified as low grade uranium ore if it occurred naturally.
In 1987, theWorld Commission on Environment and Development (WCED) classified fission reactors that produce morefissile nuclear fuel than they consume (i.e.breeder reactors) among conventional renewable energy sources, such assolar andfalling water.[7] TheAmerican Petroleum Institute likewise does not consider conventional nuclear fission as renewable, but rather thatbreeder reactor nuclear power fuel is considered renewable and sustainable, noting that radioactive waste from usedspent fuel rods remains radioactive and so has to be very carefully stored for several hundred years.[8] With the careful monitoring of radioactive waste products also being required upon the use of other renewable energy sources, such asgeothermal energy.[9]
As of 2013 only a few kilograms (picture available) of uranium have been extracted from the ocean inpilot programs and it is also believed that the uranium extracted on an industrial scale from the seawater would constantly be replenished from uraniumleached from the ocean floor, maintaining the seawater concentration at a stable level.[12] In 2014, with the advances made in the efficiency of seawater uranium extraction, a paper in the journal ofMarine Science & Engineering suggests that with, light water reactors as its target, the process would beeconomically competitive if implemented on a large scale.[13]
Nuclear power provides about 6% of the world's energy and 13–14% of the world's electricity.[14] Nuclear energy production is associated with potentially dangerousradioactive contamination as it relies upon unstable elements. In particular, nuclear power facilities produce about 200,000 metric tons oflow and intermediate level waste (LILW) and 10,000 metric tons ofhigh level waste (HLW) (including spent fuel designated as waste) each year worldwide.[15]
Separate from the question of the sustainability of nuclear fuel use are concerns about the high-level radioactive waste the nuclear industry generates, which if not properly contained, ishighly hazardous to people and wildlife. The United Nations (UNSCEAR) estimated in 2008 that average annual human radiation exposure includes 0.01millisievert (mSv) from the legacy of past atmospheric nuclear testing plus theChernobyl disaster and the nuclear fuel cycle, along with 2.0 mSv from natural radioisotopes and 0.4 mSv fromcosmic rays; all exposuresvary by location.[16]Natural uranium in some inefficient reactornuclear fuel cycles becomes part of thenuclear waste "once through" stream, and in a similar manner to the scenario were this uranium remained naturally in the ground, this uranium emits various forms of radiation in adecay chain that has ahalf-life of about 4.5 billion years.[17] The storage of this unused uranium and the accompanying fission reaction products has raised public concerns aboutrisks of leaks and containment, however studies conducted on thenatural nuclear fission reactor in OkloGabon, have informed geologists on the proven processes that kept the waste from this 2 billion year old natural nuclear reactor.[18]
Land surface can be considered both a renewable and non-renewable resource depending on the scope of comparison.Land can be reused, but new land cannot be created on demand, making it a fixed resource with perfectlyinelastic supply[19][20] from an economic perspective.
The production of goods and services bymanufacturingproducts ineconomic systems creates manytypes of waste during production and after theconsumer has made use of it. The material is then eitherincinerated, buried in alandfill orrecycled for reuse. Recycling turns materials of value that would otherwise become waste into valuable resources again.
Satellite map showing areas flooded by the Three Gorges reservoir. Compare 7 November 2006 (above) with 17 April 1987 (below). The energy station required the flooding ofarchaeological and cultural sites and displaced some 1.3 million people, and is causing significantecological changes, including an increased risk oflandslides.[21] The dam has been a controversial topic both domestically and abroad.[22]
The renewable energy from thesun,wind,wave,biomass andgeothermal energies are based on renewable resources. Renewable resources such as the movement ofwater (hydropower,tidal power andwave power),wind andradiant energy from geothermal heat (used forgeothermal power) and solar energy (used forsolar power) are practically infinite and cannot be depleted, unlike their non-renewable counterparts, which are likely to run out if not used sparingly.
The potential waveenergy on coastlines can provide 1/5 of world demand. Hydroelectric power can supply 1/3 of our total energy global needs. Geothermal energy can provide 1.5 more times the energy we need. There is enough wind to power all of humanity's needs 30 times over. Solar currently supplies only 0.1% of our world energy needs, but could power humanity's needs 4,000 times over, the entire global projected energy demand by 2050.[24][25]
Renewable energy andenergy efficiency are no longer nichesectors that are promoted only by governments and environmentalists. The increasing levels of investment and capital from conventional financial actors suggest thatsustainable energy has become mainstream and the future of energy production, as non-renewable resources decline. This is reinforced byclimate change concerns, nuclear dangers and accumulating radioactive waste,high oil prices,peak oil and increasing government support for renewable energy. These factors arecommercializing renewable energy, enlarging the market and increasing the adoption of new products to replace obsolete technology and the conversion of existing infrastructure to a renewable standard.[26]
In economics, a non-renewable resource is defined asgoods whose greater consumption today implies less consumption tomorrow.[27]David Ricardo in his early works analysed the pricing of exhaustible resources, and argued that the price of a mineral resource should increase over time. He argued that the spot price is always determined by the mine with the highest cost of extraction, and mine owners with lower extraction costs benefit from a differential rent. The first model is defined byHotelling's rule, which is a 1931 economic model of non-renewableresource management byHarold Hotelling. It shows that efficient exploitation of a nonrenewable and nonaugmentable resource would, under otherwise stable conditions, lead to adepletion of the resource. The rule states that this would lead to a net price or "Hotelling rent" for it that rises annually at a rate equal to therate of interest, reflecting the increasing scarcity of the resources.[28] TheHartwick's rule provides an important result about thesustainability of welfare in an economy that uses non-renewable resources.[29]
^Brundtland, Gro Harlem (20 March 1987)."Chapter 7: Energy: Choices for Environment and Development".Our Common Future: Report of the World Commission on Environment and Development. Oslo. Retrieved27 March 2013.Today's primary sources of energy are mainly non-renewable: natural gas, oil, coal, peat, and conventional nuclear power. There are also renewable sources, including wood, plants, dung, falling water, geothermal sources, solar, tidal, wind, and wave energy, as well as human and animal muscle-power. Nuclear reactors that produce their own fuel ("breeders") and eventually fusion reactors are also in this category
^Lin Yang (12 October 2007)."China's Three Gorges Dam Under Fire".Time. Retrieved28 March 2009.The giant Three Gorges Dam across China's Yangtze River has been mired in controversy ever since it was first proposed See also:Laris, Michael (17 August 1998)."Untamed Waterways Kill Thousands Yearly".The Washington Post. Retrieved28 March 2009.Officials now use the deadly history of the Yangtze, China's longest river, to justify the country's riskiest and most controversial infrastructure project – the enormous Three Gorges Dam. andGrant, Stan (18 June 2005)."Global Challenges: Ecological and Technological Advances Around the World". CNN. Retrieved28 March 2009.China's engineering marvel is unleashing a torrent of criticism. [...] When it comes to global challenges, few are greater or more controversial than the construction of the massive Three Gorges Dam in Central China. andGerin, Roseanne (11 December 2008)."Rolling on a River".Beijing Review. Archived fromthe original on 22 September 2009. Retrieved28 March 2009...the 180-billion yuan ($26.3 billion) Three Gorges Dam project has been highly contentious.