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What is Renewable Resource

Chapter 21
Handbook of Research on International Collaboration, Economic Development, and Sustainability in the Arctic
The resources that can be reproduced on the Earth within a relatively short period (1 to 100 years). Examples include agricultural products, wood, grass, and fish stock.
Published in Chapter:
Sustainable Development of Oil Production in the Arctic Shelf and Evolution of Fish Stock
Yuri Yegorov (University of Vienna, Austria)
Copyright: © 2019 |Pages: 19
DOI: 10.4018/978-1-5225-6954-1.ch021
Abstract
Arctic region is an important resource for hydrocarbons (oil and gas). Their exploitation is not immediate but will develop fast as soon as oil prices approach $100 per barrel again. In the Arctic, fish stock is an important renewable resource. Contrary to hydrocarbons, it is already overexploited. Future simultaneous exploitation of both resources poses several problems, including externalities and common pool. The academic community still has some time for theoretical investigation of those future problems and working out the corresponding policy measures that are consistent with sustainable development of the region. The Barents Sea is especially important because it has a common pool both in hydrocarbons and fish.
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Chapter 23
Shale Gas as an Alternative Energy Source
This has been defined to include a natural resource that can be replenished to overcome the depletion of the resource. The definition may be extended to include the terms inexhaustible and always available naturally. Another component that defines the concept of renewable resource is that it has to be restored at a speed that exceeds the consumption rate by humans.
Published in Chapter: Shale Gas as an Alternative Energy Source; From: Handbook of Research on Renewable Energy and Electric Resources for Sustainable Rural Development
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