Explain the concept of resource peak.
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Exam code: 7037
Explain the concept of resource peak.
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Outline the concept of a resource peak
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Outline how an Environmental Impact Assessment (EIA) can be used to encourage sustainable resource development.
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What is an inferred resource?
A resource where the quantity and grade can be estimated with confidence using inspection sites that are situated far apart. The economic viability can be confidently assessed and planned for.
A resource where the grade or quality can only be estimated on the basis of limited geological sampling. There is insufficient data to justify expenditure on exploiting the resource.
A resource where the quality and grade of the resource can be measured accurately. A preliminary feasibility study indicates that it is economically viable and extraction is justified.
A resource that has a finite supply. It is economically viable and extraction is justified. Confidence in the supply is measured by wide geological sampling.
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Outline the concept of the resource frontier.
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Figure 9a shows greenhouse gas emissions per capita in selected European countries in 2015.
Figure 9b shows the % of electricity generated from renewable sources in selected European countries in 2015.
Figure 9c shows the selected countries.
Figure 9a

Figure 9b

Figure 9c

Analyse the data shown in Figure 9a and Figure 9b.
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Study Figure 1, which shows the estimated years of known reserves remaining and the annual growth in demand for five resources in 2020.
Figure 1: Estimated years of known reserves remaining and annual growth in demand, selected resources (2020)
Resource | Years of reserves remaining | Annual growth in demand (%) |
|---|---|---|
Oil | 50 | 1.0 |
Natural gas | 49 | 2.0 |
Coal | 132 | 0.5 |
Copper | 38 | 2.8 |
Cobalt | 57 | 5.0 |
Analyse the data shown in Figure 1.
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To what extent is the expansion of the resource frontier into fragile environments such as the Arctic justified?
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Assess the usefulness of Environmental Impact Assessments (EIAs) in achieving sustainable resource development.
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Assess the difficulties of identifying when a resource peak has been reached.
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'Resources can be considered to be infinite because of increased economic development and associated technological advancements.'
To what extent do you agree with this statement?
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Assess the view that sustainable resource development is achievable in practice.
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Assess the relative importance of price and technology in determining how natural resources are developed.
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