Environmental finance

A world of limited resources

01 Jul 2015

By 2050, if the current consumption and production patterns remain the same and with the rising population expected to reach 9.6 billion, we will need three planets to sustain our way of life.
Are we conscious about the trend of natural resource consumption to meet the needs of our current generation? Are we leaving behind enough resources for the future? The gas we burn for cooking, electricity generation, running vehicles and industries will be exhausted in a couple of decades. Our agricultural land is shrinking by one percent every year, our clean wate, air and soil are getting polluted at an alarming rate over time. Globally, each individual uses 16 kilos of resources extracted from earth every day - metal, fossil energy, and minerals. If you live in the western world, this number is much higher - up to 57 kilos of newly-mined minerals per day. On the biodiversity front, the International Union for Conservation of Nature has identified a frightening figure of over 200 animals including fish, amphibians, reptiles, birds and mammals to be threatened in Bangladesh. Many of the Earth's ecosystems are nearing critical levels of depletion or irreversible change, pushed by high population growth and economic development. By 2050, if the current consumption and production patterns remain the same and with the rising population expected to reach 9.6 billion, we will need three planets to sustain our way of life. As key … Read more

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