Sustainable development in mineral economies richard m. Sustainable development requires recovery of resource rent generated by mining, and investment of this rent in other forms of wealth, capable of generating income and employment once minerals are depleted. For example, it emphasises the need, as part of the shift to sustainable development, to move. Sustainable economic development global urban development. This is in line with the national rehabilitation and resettlement biodiversity policy.
Pdf the concept of sustainable economic development. Building a long term sustainable economic development strategy is a complex undertaking. This paper explains the key role of environmental economics in facilitating effective incorporation of environmental concerns into development. Environmentally sustainable economic development building on. Economics and environment as factors of sustainable. Cdt community development toolkit cida canadian international development agency commdev ifcworld banks oil, gas, and mining sustainable community development fund cmvs country mining visions cso central statistical office dfid uk department for international development drc democratic republic of the congo. Sustainable development requires that consumption by present generations should not be at the expense of future generations.
The other reaction is to define sustainable development as development without growth in throughput beyond environmental carrying capacity. Importance, geology, mining, processing of strategic and critical minerals what is involved from exploration thru production thru marketing reports, field notes, presentations where to look for information research needed sustainable development we can mine within public concerns social license to operate. Management and policy in the mineral economy discusses the international and national. National economics and local communities 5 so, on the one hand, mining has the potential to contribute to sustainable development, if mineral wealth is created and appropriate investments are made to ensure that minings economic benefits are sustained. The sustainable development of mining mineral resources is a major challenge for todays global world, addressed to mining companies, people of science associated with mining and many other institutions and organisations. Making finland a leader in the sustainable extractive industry tem. What finnish mining industry could learn from the australian. A proclamation to promote sustainable development of mineral resources whereas the constitution of the federal democratic republic of ethiopia provides that the right to ownership of all natural resources of ethiopia is exclusively vested in the government and in the peoples of ethiopia and that the government is the custodian thereof. The mineral economies are an important group of developing countries which have suffered a resource curse over the past 20 yearsshowing a poorer performance than resourcedeficient neighbors. The example of botswana article pdf available in environment and development economics 904. Chapter 8 minerals and economic development 172 minerals production and national economic development 174 external market forces 176 internal economic stresses 177 political economy 177 capturing mineral wealth 181 managing and distributing mineral wealth 182 distributing wealth 183 life after mining 184 coping with resource depletion 184 corruption 185 mining and. Developing effective mineral resource policy for sustainable. This approach not only proposed a dramatic change in the operating practices of large mining houses, but also suggested a grand vision for the industry as a long term. The transformation of mineral assets into other forms of capital.
Developing effective mineral resource policy for sustainable livelihoods through geoscience zambia is the focus of this study, recognisingthe historic importance of copper mining in zambia, the current resurgence of interest in the copper belt and issues associated with foreign investment. This ensures that mining activities meet sustainable measures for restoration and preserve ecological balance. Products of the extractive industry metals and minerals, aggregates and building. The contribution of minerals to sustainable economic development. Cleantech and green business attraction and retention 34 7. Environmental economics and sustainable development.
Sustainable development req uires that depletion of mineral assets be offset by a compensating increase in other forms of capital. Mar 16, 2017 successful delivery of the united nations sustainable development goals and implementation of the paris agreement requires technologies that utilize a wide range of minerals in vast quantities. Sustainable development is a subject that aims to limit the usage of fossil fuels and encourages the adoption of alternative renewable energy sources that can limit human impact on the environment. Sustainable development in mineral economies by richard m. Kontorovich1 the economic problems of siberia derive from the fact that, although the region has rich natural resources of great importance to the mining and petroleum industries, develop. Mineral resources are important material resources for the development of national economy, but the longterm linear and extensive mining mode leads to low. For mineral economies this means substituting an alternative income source for the depleting mineral asset and curbing environmental degradation. It appeared in the second half of the twentieth century as a reaction to the dynamic economic growth seen in many countries around the world, which was often observed in conditions of excessively intensive and uncontrolled use of natural resources. Sustainable mining international labour organization. Article pdf available in environmental conservation 1402. Mining and metals are essential to global economic and social development and are. Brundtlands call for sustainable development has elicited two opposing reactions. Mineral supply for sustainable development requires.
Sustainable economic development of india and the role of. Peru, bolivia, chile, jamaica, zambia, and papua new guinea he outlines how things can go badly wrong. Sustainable development is an interdisciplinary field, which involves knowledge from environmental economics, policy making, and resource management. The section also outlines the importance of preserving forests. Mineral resources and economic development gavin wright and jesse czelusta stanford university october 2003 prepared for the conference on sector reform in latin america stanford center for international development november 15, 2003 abstract recent studies assert that natural resource abundance particularly minerals has adverse. Several studies have attempted to measure total national wealth or changes in wealth, but have been seriously hampered by a lack of data, especially for natural and human capital. Conceptual basis of sustainable development 1 focus of the paper 4 2. Contact person within the ministry of employment and the economy. The terms sustainability and sustainable development are both. Sustainable development of mining mineral resources. Towards the end of the 1990s, and in response to increasing global condemnation, the mining industry adopted sustainable development sd principles and standards through corporate social responsibility csr initiatives. Sustainable development may also be regarded as any economic activity that raises social welfare with the maximum amount of environmental degradation allowable within given economic, social, and. Sustainable development in mineral economies auty, richard m. Mining and metals contribution to sustainable development 5 section2 global context of minings contribution 9 2.
Theoretical work has demonstrated that sustainable development requires nondeclining per capita wealth, where wealth is defined to include produced, natural, human and social capital. An environmental accounting approach clearly, mining is still a critical sector of the namibian economy and mineral assets form a major source of national wealth. At this time, however, the statistical offices compile asset accounts only. Environmental economics and sustainable development mohan munasinghe. Geology and economics of strategic and critical minerals. Environmental economics is a comparatively young, but by now wellestablished, branch of economic study.
A formulation of how sustainability integrates with cityregional economic development best practices and a characterization of the audiences for such a formulation. It is now recognized that a healthy environment is essential to sustainable growth. Environment and development are no longer considered mutually exclusive by governments and developmental agencies. The desired result is a state of society where living conditions and resources are used to. The concept of sustainable economic development article pdf available in environmental conservation 1402. Mineral wealth is clearly not a sufficient condition for successful economic development. It was decided that such a volume would serve a useful purpose in exploring and analyzing how the concept of sustainable development can be related to mineral enterprises. Sustainable development is an approach to economic planning that attempts to foster economic growth while preserving the quality of the environment for future generations. The presentation of a set of market observations underlying sustainable economic development. The basic equation of development has been formulated. Brief for gsdr 2015 the concept of sustainable development.
One is to revert to a definition of sustainable development as growth as usual, although at a slower rate. Mineral wealth can provide countries with a tremendous opportunity for economic development by providing the funding for investment and growth. Mining enterprises and regional economic development. Mineral economics is an international, multidisciplinary journal focused on economics and policy issues in the minerals, metals and mining industries. By developing sustainable economic development strategies based on technological innovation and resource efficiency, places can grow their economies, improve their standards of living, and expand businesses, jobs, and incomes. Albeit somewhat vague, this concept of sustainable development aims to maintain economic advancement and progress. The journal exists to improve the understanding of economic, social, environmental and political implications of natural resources. This report addresses the issue of sustainable development in an economy dependent on mineral resources, a nonrenewable resource. Our concept of sustainable development requires that the contribution to economic development be maintained, both during periods of temporary reduction in mineral exports and over the long run when mineral producing capacity declines relative to the size of the overall economy. Sustainable development in mineral exporting economies. Sustainable development model and innovation of mineral resources. The concept of sustainable development is now a widely used term in many areas of activity related to the life of man.
The model of sustainable development is viewed on the basis of the equation. Pdf mineral resources, economics, and the environment. Pdf sustainable development of mining mineral resources. Linking economics and the environment 5 the role of environmental economics 5 recent developments 7 conventional project evaluation 7 national income accounts and macroeconomic performance 11 economywide policies and the environment 3. The role of mining in national economies 2nd edition. Sustainable development is the organizing principle for meeting human development goals while simultaneously sustaining the ability of natural systems to provide the natural resources and ecosystem services based upon which the economy and society depend. In sustaining development in mineral economies, richard auty highlights these drawbacks and the devastating effect they can have on developing economies.
Di boscio, nicolas 2010 mining enterprises and regional economic development. The new economics of sustainable development introduction and executive summary. Despite its enormous popularity in the last two decades of the 20th century, the concept of sustainable development proved ecological footprint. Economics and environment as factors of sustainable development of siberian mineral resources by n.
Article pdf available in environment and development economics 904. The heart of the paper presents eight distinct sustainable economy initiatives. The contribution of minerals to sustainable economic. The example of botswana, discussion papers 18019, university of pretoria, center for environmental economics and policy in africa. Environmental geochemistry and mineral resources 4.
This report addresses the issue of sustainable development in an economy dependent on mineral. Page 5 of 6 4azapagic, adisa, developing a framework for sustainable development indicators for the mining and minerals industry, journal of cleaner production, volume 12, issue 6, august 2004. Wealth, natural capital, and sustainable development. Sustainable development model and innovation of mineral. In successfully applying standard microeconomic analysis to the field of the natural environment and sustainable development, economists have challenged many erroneous, but strongly held preconceptions of policy makers and environmentalists alike. It presents the importance of mineral resources in the development of the world economy, and the importance of mineral resources that are critical for economic.
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