Resource Demand Growth and Sustainability Due to Increased World Consumption
AbstractThe paper aims at continuing the discussion on sustainability and attempts to forecast the impossibility of the expanding consumption worldwide due to the planet’s limited resources. As the population of China, India and other developing countries continue to increase, they would also require more natural and financial resources to sustain their growth. We coarsely estimate the volumes of these resources (energy, food, freshwater) and the gross domestic product (GDP) that would need to be achieved to bring the population of India and China to the current levels of consumption in the United States. We also provide estimations for potentially needed immediate growth of the world resource consumption to meet this equality requirement. Given the tight historical correlation between GDP and energy consumption, the needed increase of GDP per capita in the developing world to the levels of the U.S. would deplete explored fossil fuel reserves in less than two decades. These estimates predict that the world economy would need to find a development model where growth would be achieved without heavy dependence on fossil fuels. View Full-Text
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Balatsky, A.V.; Balatsky, G.I.; Borysov, S.S. Resource Demand Growth and Sustainability Due to Increased World Consumption. Sustainability 2015, 7, 3430-3440.
Balatsky AV, Balatsky GI, Borysov SS. Resource Demand Growth and Sustainability Due to Increased World Consumption. Sustainability. 2015; 7(3):3430-3440.Chicago/Turabian Style
Balatsky, Alexander V.; Balatsky, Galina I.; Borysov, Stanislav S. 2015. "Resource Demand Growth and Sustainability Due to Increased World Consumption." Sustainability 7, no. 3: 3430-3440.