Resourcing the Future
What is changing?
- Considering the rapidly growing demand and consumption of resources in Asia, the generation of waste is expected to increase steeply at an unprecedented level.
- Reducing fish waste and losses will contribute significantly to increased availability of fish and seafood products worldwide while sustaining viable fisheries resources.
- The demand for electronic scrap recycling market is expected to soar significantly during the forecast period.
- The recycling of waste will reduce the use of raw materials in all developed countries on a regular basis and produce renewable energy.
- Europe could gain many benefits from treating waste as a resource including reducing environmental pressure.
- Technological developments making objects increasingly self-aware will lead to reduced resource losses before the end of a given use-cycle.
Design
- Less use will be made of wood and leather while innovative materials and the consequent new possibilities in design and production gradually come to the fore.
- The transition to a circular economy will bring dislocations, the more productive use of resources and materials should have a stabilizing effect on the economy, giving the world some 'breathing room' as it deals with the strains of expanding and ageing societies.
- The city of the future will be driven by the imperative to share and optimize resources.
Energy
- Newly discovered oil reserves do exist but tapping them will require heavy investment in infrastructure and new technology.
- Many future mining reserves are located in areas with high political risk.
- Energy consumption is predicted to rise steeply as a result of an estimated expansion of the world's population by 2.3 billion by 2050.
- ICT in 10 years could consume about 60 percent of the world's energy resources.
- BP predicts coal production will fall to an all-time low by 2035.
Government
- Countries with high GDP and large low water-using sectors (e.g. financial services) will perform better while countries with large agricultural and food manufacturing sectors will not perform as well.
- Water pricing could become an essential tool to help countries improve the management of their water resources in the future.
- Canada will likely agree to match the Obama administration's goal of reducing methane emissions from oil and gas operations by 40 to 45 percent by 2025.
- Many places will struggle to find the resources for good investment in strategic local planning, environmental services or effective management of crises.
- Water scarcity combined with rapidly increasing populations and the consistent growth in demand for food and energy will lead to competition between states over freshwater resources.
- Australia will no longer be known for being as dependent on the export of natural resources over the next half century as in 2012.
- The world will need to expand its infrastructure to get at harder-to-access resources.
- Local population growths will increase pressure on localized resources.
- With increasing urbanization and the corresponding demands for resources, wilderness and open spaces will come under even more pressure to yield to development.
- Economic and security concerns will raise the risk of increased competition between Arctic and non-Arctic nations over access to sea routes and resources.
Climate change
- Crops, livestock, forest trees and aquatic organisms that can survive and produce in future climates will be essential in future production.
- Informing stakeholders of the changing amounts of rainfall and the spatial distribution of precipitation will help them to better allocate resources for the management of water resources.
- Changes in temperature and precipitation will contribute to increase global food prices by 2050.
Implications
Vehicles
- Autonomous cars could have an impact on quality of life and the environment by optimizing the use of resources and time.
Energy
- Energy use within sectors like healthcare could become more significant and is ripe for technological innovation that focuses on energy conservation.
- If we had a hydrogen economy worldwide, every nation on earth could create its own energy source to support its economy, and the threat of war over diminishing resources would just evaporate.
Resource recovery
- The commercial value of materials and energy recovered from waste could be substantial.
Pricing and taxation
- Water pricing could become an essential tool to help countries improve the management of their water resources in the future.
- Shifting taxation away from labor to non-renewable resources could stimulate the shift to a circular economy.
DRIVERS
cities· population · energy · technologies · digital transformation · climate change
Athena's forecast (robot generated from verbatim forecasts)
- Start year: Ongoing
- Likely Tipping point: 2030
- Likely End year: 2060
- Likely Impact $: Trillions
- Likelihood: 90%
- Regions affected: Global
- Most affected sectors: Energy, Food, Environment, Government, Mining, Water, Health
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