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Depletion of resources is resource's consumption faster than this could be replenished. Natural resources are divided commonly between non-renewable and renewable resources. This essay will explain the use of such forms of resources beyond the replacement rate is considered as depletion of resources. Value of resource is the direct result of the availability of it in nature as well as the cost to extract the resource, more there is depletion of the resource, the more is the value of a resource. There are several kinds of depletion of the resource, most known is deforestation, slash and burn agricultural practices, contamination or pollution of resources, Aquifer depletion, mining for minerals along with fossil fuels, unnecessary or excessive or overconsumption of usage of resources as well as soil erosion. Depletion of resources is most used for farming, water usage, fishing, fossil fuels' consumption, or mining. The wildlife population's depletion is known as defaunation. In an effort in offsetting resources' depletion, the theorists have suggested depletion accounting's concept, which is also called green accounting.
Depletion accounting aims to account for the value of nature on equal footing with the market economy. Depletion accounting of resources uses the data which is provided from the countries for estimating adjustments required due to usage along with depletion of natural capital which is available to them. Natural capital is natural resources like timber stocks or mineral deposits. Factors of depletion accounting for many different influences like the total number of years till exhaustion of resources, resource extraction's cost along with the demand of resources. Industries for resource extraction make up a huge part of economic activity within developing countries. It leads to higher levels of environmental degradation along with resource depletion within developing countries. You can also get college essays from our professional writers at reasonable prices.
The theorists argue that the implementation of depletion accounting for resources is necessary within developing countries. This seeks also in measuring the social value of ecosystems as well as natural resources. Social value’s measurement is sought with ecosystem services that are defined as nature’s benefits to economies, households as well as communities. Several different groups are interested in depletion accounting. The environmentalists are also interested in the depletion accounting as a way for tracking natural resources' use over time, compare environmental conditions with other countries or hold the governments accountable.
The economists look to measure the depletion of resources for understanding how financially reliant corporations or countries are on the non-renewable resources, whether such use could be sustained as well as financial drawbacks to switch to renewable resources in light of depleting resources. Peak oil is the period when the maximum rate of overall extraction of petroleum is reached all over the world, after which the production rate would undergo a long-term decline. Decreased supply along with increasing demand would increase prices of the products derived from petroleum significantly all around the globe. Most significant will be the price as well as the availability of the liquid fuel needed for transportation. Wetlands are the ecosystems that are saturated often by enough groundwater or surface water for sustaining vegetation which is adapted usually to the saturated soil conditions.
Natural resources' depletion takes place when the resources are consumed at a quicker rate. A resource that is rare due to the depletion has a much higher value when compared with a natural resource that is in abundance. As for the increasing population all over the world, levels of degradation of natural resources also increasing. The Eco-footprint of the world is estimated as one and half times the ability of the earth to sustainably providing all individuals with enough resources which meet consumption levels. Overall population all over the world is still increasing in whole earth populace as well as it is a crucial factor to accelerate natural resources' depletion. An increase in populace expands the need for resources along with conditions needs for sustaining it. Additionally, this contributes to increased ecological contamination.
The research indicates further that more resources are being used by the developing countries for industrializing along with supporting increasing population. Hence, natural resources' depletion would continue as long as there is an increase in the world population. Humans are causing much stress for landing the resources due to over-reliance upon the production of food for per day nutritional requirements. The poor practices of irrigations are major contributing factors for salinization as well as alkalization of soil which sustains the growth of the plant. Poor practices of soil management along with the use of farming equipment as well as heavy machinery destroy also structure of soil making this unsuitable for the growth of plants. Few farming practices like excessive usage of herbicides, fungicides, and pesticides kill also essential soil microorganisms which are crucial to replenish nutrients in the soil.
Programs that are aimed to check against deforestation are the initiatives that could help in reducing natural resources' depletion. These initiatives might act as incentives also to encourage the general public for conserving forests as these are protectors along with the habitat of a few unique animal or plant species along with water resources. The sustainability programs which aim in educating people about the importance to conserve natural resources must be enacted also as a way to focus on risks of long-term which are associated with environmental degradation. Oil-rich countries and regulatory bodies of consumables must join hands towards a common objective to discuss how mineral, as well as oil consumption along with exploitation, could be reduced. The manufacturers could be trained on lean manufacturing while the consumers sensitized upon how to adopt re-use, recycling as well as reducing wastage techniques.
Renewables like the wind as well as solar power could be explored more along with utilized for reducing dependency upon fossil fuel that is a major cause for environmental pollution, global warming, natural habitats' destruction along climate change. The wetlands are the regions that are saturated with groundwater which serve an efficient role to sustain vegetation cover. Wetlands along with coastal ecosystems are crucial to sustaining the food chain as water resources are replenished along with nutrients and minerals are availed to maintain animal along with plant biodiversity. When the coastal ecosystems also are protected, they aid to control marine overfishing as well as protect the coral reefs. People must be educated about how daily practices could put a strain of scarce natural resources along with individual contributions in natural resources' depletion.
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