1. Unit 3: Part 1.2 Compare the economic value of renewable, non-renewable and flow resources

2. Resources at a Glance There are 3 types of natural resources:
Renewable resources – can be
replaced by natural
environmental processes,
unless badly damaged.
(forests, fish)

3. 2. Non-renewable resources –
are present in finite amounts
or replaces itself very slowly.
Usually when used, they are
gone forever. (minerals, oil)

4. 3. Flow resources – is used
and replaced simultaneously.
Must be used when and
where they occur. (water, wind)

5. Sustainable resource system - will last into the future and the natural resources are not used up faster than they can either renew themselves, be recycled, or be replaced with other resources.
Think about how this can be done for those listed below.

6. Consuming Resources
What natural resources were used to make the things in this picture?

7. Every product you buy comes from the natural resources of the Earth.
• How many televisions, cars, or pairs of jeans or shoes does one person need to be comfortable?
• Do you have enough things to meet your basic needs?
• Are there more things that you want that you don’t already have?
The wealthy industrialized world has 20% of the population but consumes 80% of the resources.
Canadians consume 20 times more electricity per person than an industrializing country and 200 times more than a less-developed country.
Can the earth sustain this? What will be left for the future?

8. AN ECONOMIC PERSPECTIVE
RESOURCES -
AN ECONOMIC PERSPECTIVE

9. Extracting natural resources brings money into the economy. How?
Provides jobs for more than a million Canadians in
resource-related industries.
2. Exports of raw materials brings money into the country.
Exporting companies pay royalties and income taxes to the government.
Exports – the sale of products or services to another country.
Royalties – a fee paid to the government for the use of resources.

10. The economic value of our natural resources can be measured in 3 main ways.
Gross Domestic Product (GDP) - the value of all the goods and services produced in one country in one year.
Complete Figure 6.5 Activity Sheet.

11. Most natural resource development is controlled by large international companies.
Transnational corporations – a large company that has business operations in several countries.
Based in Brazil
126,000 direct employees
50,000 more in ongoing projects
Operates in 38 countries
World leader in iron ore production
A leader in nickel production
Operates Voisey’s Bay mine
Operates Long Harbour smelter
Says it is committed to sustainable growth, respect for environment and social responsibility

12. To develop a resource sustainably, 3 things are necessary:
Maintain a strong economy
Consider the needs of people in local communities
Protect the natural environment
Can there be problems with trying to do all three?

13. Large resource projects require environmental assessments – detailed study to determine the potential environmental impact of a proposed development.

14. Assignment 1. Sustainable Resource worksheet
2. Value of Economic Resource worksheet
3. Case study - page 246.
EXPLAIN!!
Why is it being developed?
What are the impacts on the environment?