Physics:Resource productivity
Resource productivity is the quantity of good or service (outcome) that is obtained through the expenditure of unit resource.[1][2][3] This can be expressed in monetary terms as the monetary yield per unit resource. For example, when applied to crop irrigation it is the yield of crop obtained through use of a given volume of irrigation water, the “crop per drop”, which could also be expressed as monetary return from product per use of unit irrigation water.
Resource productivity and resource intensity are key concepts used in sustainability measurement as they attempt to decouple the direct connection between resource use and environmental degradation. Their strength is that they can be used as a metric for both economic and environmental cost. Although these concepts are two sides of the same coin, in practice they involve very different approaches and can be viewed as reflecting, on the one hand, the efficiency of resource production as outcome per unit of resource use (resource productivity) and, on the other hand, the efficiency of resource consumption as resource use per unit outcome (resource intensity). The sustainability objective is to maximize resource productivity while minimizing resource intensity. Scientific and political debates on resource productivity are regularly held at, among others, the World Resources Forum conferences.
See also
- Bioeconomics
- Econophysics
- Energy and Environment
- Environmental economics
- Energy Accounting
- Ecodynamics
- Ecological Economics
- Industrial ecology
- Population dynamics
- Thermoeconomics
- Sustainability accounting
- Resource intensity
- Resource efficiency
- Sustainable development
- Systems ecology
- The Natural Edge Project
References
- ↑ Karlson Hargroves and Michael H. Smith, 2005: The Natural Advantage of Nations: Business Opportunities, Innovation and Governance in the 21st Century. Earthscan, London. ISBN:9781844073405
- ↑ Hawken, P., Lovins, A. and Lovins, L.H. 1999. Natural Capitalism: Creating the Next Industrial Revolution. Earthscan, London.
- ↑ Weizsäcker, E, and Jesinghaus, J. 1992. Ecological Tax Reform, Chapter 2: Increasing the Productivity of Natural Resources and Energy. Zed, London. [1]
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