Resource Efficiency
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Resource Efficiency
Resource efficiency is the maximising of the supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively, with minimum wasted (natural) resource expenses. It means using the Earth's limited resources in a sustainable manner while minimising environmental impact. Natural resource efficiency is embedded into the work of initiatives like the United Nations Environment Programme (UNEP) and international strategies such as the European Union's " Green Deal". Definition The UK Government has defined resource efficiency for research purposes as "the optimisation of resource use so that a given level of final consumption can be met with fewer resources". It has been noted that improvements in resource efficiency can occur at production, consumption, and end of product life stages. Resource efficiency measures, methods, and aims are quite similar to those of resource productivity/ resource intensity and of the sli ...
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Waste
Waste are unwanted or unusable materials. Waste is any substance discarded after primary use, or is worthless, defective and of no use. A by-product, by contrast is a joint product of relatively minor Value (economics), economic value. A waste product may become a by-product, joint product or resource through an invention that raises a waste product's value above zero. Examples include municipal solid waste (household trash/refuse), hazardous waste, wastewater (such as sewage, which contains bodily wastes (feces and urine) and surface runoff), radioactive waste, and others. Definitions What constitutes waste depends on the eye of the beholder; one person's waste can be a resource for another person. Though waste is a physical object, its generation is a physical and psychological process. The definitions used by various agencies are as below. United Nations Environment Program According to the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes a ...
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Volatility (finance)
In finance, volatility (usually denoted by "sigma, σ") is the Variability (statistics), degree of variation of a trading price series over time, usually measured by the standard deviation of logarithmic returns. Historic volatility measures a time series of past market prices. Implied volatility looks forward in time, being derived from the market price of a market-traded derivative (in particular, an option). Volatility terminology Volatility as described here refers to the actual volatility, more specifically: * actual current volatility of a financial instrument for a specified period (for example 30 days or 90 days), based on historical prices over the specified period with the last observation the most recent price. * actual historical volatility which refers to the volatility of a financial instrument over a specified period but with the last observation on a date in the past **near synonymous is realized volatility, the square root of the realized variance, in turn c ...
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Carbon Footprint
A carbon footprint (or greenhouse gas footprint) is a calculated value or index that makes it possible to compare the total amount of greenhouse gases that an activity, product, company or country Greenhouse gas emissions, adds to the atmosphere. Carbon footprints are usually reported in tonnes of emissions (CO2 equivalent, CO2-equivalent) per unit of comparison. Such units can be for example ''tonnes CO2-eq per year'', ''per kilogram of protein for consumption'', ''per kilometer travelled'', ''per piece of clothing'' and so forth. A product's carbon footprint includes the emissions for the entire Life-cycle assessment, life cycle. These run from the production along the supply chain to its final consumption and disposal. Similarly, an organization's carbon footprint includes the direct as well as the indirect emissions that it causes. The Greenhouse gas protocol, Greenhouse Gas Protocol (for carbon accounting of organizations) calls these ''Scope 1, 2 and 3 emissions''. There a ...
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Ecosystem
An ecosystem (or ecological system) is a system formed by Organism, organisms in interaction with their Biophysical environment, environment. The Biotic material, biotic and abiotic components are linked together through nutrient cycles and energy flows. Ecosystems are controlled by external and internal Environmental factor, factors. External factors—including climate—control the ecosystem's structure, but are not influenced by it. By contrast, internal factors control and are controlled by ecosystem processes; these include decomposition, the types of species present, root competition, shading, disturbance, and succession. While external factors generally determine which Resource (biology), resource inputs an ecosystem has, their availability within the ecosystem is controlled by internal factors. Ecosystems are wikt:dynamic, dynamic, subject to periodic disturbances and always in the process of recovering from past disturbances. The tendency of an ecosystem to remain clo ...
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Carrying Capacity
The carrying capacity of an ecosystem is the maximum population size of a biological species that can be sustained by that specific environment, given the food, habitat, water, and other resources available. The carrying capacity is defined as the environment's maximal load, which in population ecology corresponds to the population equilibrium, when the number of deaths in a population equals the number of births (as well as immigration and emigration). Carrying capacity of the environment implies that the resources extraction is not above the rate of regeneration of the resources and the wastes generated are within the assimilating capacity of the environment. The effect of carrying capacity on population dynamics is modelled with a logistic function. Carrying capacity is applied to the maximum population an environment can support in ecology, agriculture and fisheries. The term carrying capacity had been applied to a few different processes in the past before finally being appl ...
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Self-sustaining
Self-sustainability and self-sufficiency are overlapping states of being in which a person, being, or system needs little or no help from, or interaction with others. Self-sufficiency entails the self being enough (to fulfill needs), and a self-sustaining entity can maintain self-sufficiency indefinitely. These states represent types of personal or collective autonomy. A self-sufficient economy is one that requires little or no trade with the outside world and is called an autarky. Description Self-sustainability is a type of sustainable living in which nothing is consumed other than what is produced by the self-sufficient individuals. Self-sustainability is a comprehensive approach to sustainable living that extends beyond mere environmental responsibility to encompass economic independence, reduced reliance on major corporations, and minimizing environmental impact through personal actions. Examples of attempts at self-sufficiency in North America include simple living, food ...
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Holistic
Holism is the interdisciplinary idea that systems possess properties as wholes apart from the properties of their component parts. Julian Tudor Hart (2010''The Political Economy of Health Care''pp.106, 258 The aphorism "The whole is greater than the sum of its parts", typically attributed to Aristotle, is often given as a summary of this proposal. The concept of holism can inform the methodology for a broad array of scientific fields and lifestyle practices. When applications of holism are said to reveal properties of a whole system beyond those of its parts, these qualities are referred to as emergent properties of that system. Holism in all contexts is often placed in opposition to reductionism, a dominant notion in the philosophy of science that systems containing parts contain no unique properties beyond those parts. Proponents of holism consider the search for emergent properties within systems to be demonstrative of their perspective. Background The term "holism" was coined ...
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Non-renewable
A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. An example is carbon-based fossil fuels. The original organic matter, with the aid of heat and pressure, becomes a fuel such as oil or gas. Earth minerals and metal ores, fossil fuels (coal, petroleum, natural gas) and groundwater in certain aquifers are all considered non-renewable resources, though individual elements are always conserved (except in nuclear reactions, nuclear decay or atmospheric escape). Conversely, resources such as timber (when harvested sustainably) and wind (used to power energy conversion systems) are considered renewable resources, largely because their localized replenishment can also occur within human lifespans. Earth minerals and metal ores Earth minerals and metal ores are examples of non-renewable resources. The metals themselves are present in vast amounts in E ...
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Biomimetics
Biomimetics or biomimicry is the emulation of the models, systems, and elements of nature for the purpose of solving complex human problems. The terms "biomimetics" and "biomimicry" are derived from (''bios''), life, and μίμησις (''mimesis, mīmēsis''), imitation, from μιμεῖσθαι (''mīmeisthai''), to imitate, from μῖμος (''mimos''), actor. A closely related field is bionics. Nature has gone through evolution over the 3.8 billion years since life is estimated to have appeared on the Earth. It has evolved species with high performance using commonly found materials. Surfaces of solids interact with other surfaces and the environment and derive the properties of materials. Biological materials are highly organized from the molecular to the nano-, micro-, and macroscales, often in a hierarchical manner with intricate nanoarchitecture that ultimately makes up a myriad of different functional elements. Properties of materials and surfaces result from a complex ...
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Regenerative Design
Regenerative design is about designing systems and solutions that work with or mimic the ways that natural ecosystems return energy from less usable forms to more usable forms. Regenerative design uses systems thinking and other approaches to create resilient and equitable systems that integrate the needs of society and the well-being of nature. Regenerative design is an active topic of discussion in engineering, economics, medicine, landscape design, food systems, and urban design & community development generally. The regenerative design paradigm encourages designers to use systems thinking, applied permaculture design principles, and community development processes to design human and ecological systems. The development of regenerative design has been influenced by approaches found in biomimicry, biophilic design, net-positive design, ecological economics, circular economics, as well as social movements such as permaculture, transition and the new economy. Regenerative des ...
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Cradle-to-cradle
Cradle-to-cradle design (also referred to as 2CC2, C2C, cradle 2 cradle, or regenerative design) is a biomimetic approach to the design of products and systems that models human industry on nature's processes, where materials are viewed as nutrients circulating in healthy, safe metabolisms. The term itself is a play on the popular corporate phrase "cradle to grave", implying that the C2C model is sustainable and considerate of life and future generations—from the birth, or "cradle", of one generation to the next generation, versus from birth to death, or "grave", within the same generation. C2C suggests that industry must protect and enrich ecosystems and nature's biological metabolism while also maintaining a safe, productive technical metabolism for the high-quality use and circulation of organic and technical nutrients. It is a holistic, economic, industrial and social framework that seeks to create systems that are not only efficient but also essentially waste free.Lovins ...
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Circular Economy
A circular economy (also referred to as circularity or CE) is a model of resource Production (economics), production and Resource consumption, consumption in any economy that involves sharing, leasing, Reuse, reusing, repairing, refurbishing, and recycling existing materials and products for as long as possible. The concept aims to tackle global challenges such as climate change, biodiversity loss, waste, and pollution by emphasizing the design-based implementation of the three base principles of the model. The main three principles required for the transformation to a circular economy are: designing out waste and pollution, keeping products and materials in use, and regenerating natural systems. CE is defined in contradistinction to the traditional linear economy. The idea and concepts of a circular economy have been studied extensively in academia, business, and government over the past ten years. It has been gaining popularity because it can help to minimize Greenhouse gas emis ...
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