ResourceCast

Resource development centres often create prefect storms for pandemics. The HIV/AIDS pandemic broke out during the mining boom of the 1920s in Kinshasa. Many such centres of rapid industrial growth are emerging in China, and that could be a reason why similar episodes are increasing there. Wuhan is one such place which has created the perfect storm for the 2019-nCov virus to emerge as the latest threat to human populations. Keeping the human, domestic and wild animal biomes in their boundaries are essential. Natural resource management has a significant role to play here.

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U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2020, which came out last week provides some useful pointers on where the energy transformation is headed. The highlight is the healthy growth of renewables, especially solar energy. However, natural gas will continue its march. The five years will be terrible for the coal industry, and a large number of coal plant retirements could happen until 2025, after which coal will stabilize. Nuclear also will see some withdrawals until 2025, after which no new plants will be constructed. 

Will the growth of renewable energy translate into significant carbon emissions? Unfortunately, this is not going to be the case. There will be some carbon emission reductions in the next five years, and then the emissions will surge back to the same levels as today by the year 2050. This surge is led by emissions from the industry and transport sectors. Retirements of nuclear plants are also not helping. Unless emissions from the industry and transportation sectors are addressed, the U.S. will stand to lose the carbon game.

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In this episode, we will have a look at the general apathy of governments to agree on ambitious emission control goals. However, the industry and investment community believe climate change is the highest risk. Finally, will also discuss what this holds for startups willing to enter the natural resource space.

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Australia is being ravaged by bushfire. In 2019, such fires were seen in the dryest to wettest and most cold places of the world. The blazes were very intense and could only worsen in the future. Our firefighting techniques have not improved in the past 100 years and could be inadequate to deal with such fires in future. More sustainable forest resource management will be required. These fires are making Australia's forest net carbon emitters for a long time and worsen the global warming, which in turn will fuel more fires. It is vicious positive feedback in play. Yet, Australia has an answer - its best-kept secret.

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In this episode of ResourceCast, we go deeper into the 12 fundamental principles of resource management:

1. Responsibility to the planet

2. Integrated and indivisible management of resources

3. Systems view

4. Social license to operate 

5. Full-life cycle view

6. Service orientation 

7. Comprehensive resource recovery

8. Circularity 

9. Zero-waste

10. Zero-harm

11. Hybridization

12. Continuous strengthening of core competencies and capabilities

In the first episode, we discuss the general structure of ResourceCast, which will consist various segments.

1. A view from 30,000 feet - Focus on the fundamental principles
2. Direct hit - A look of real life problems
3. The cut - A focus topic
4. The weakest link in the chain - A drill-down through 5 Ws
5. Leader talks - Introducing industry leaders
6. Perspectives - In and around us
7. The assets - Some essential resources 
8. Stretching the boundaries

Today, we also briefly discuss the fundamental principles of natural resource management.

ResourceCast is a natural resource industry podcast.

Here you can listen to the latest on how mining, energy, water and other natural resources based business are transforming around the world. We will discuss how from being the most hated and despised “extractive industries”, a new mindset is changing the face of the resource industry. How are they becoming more responsive to the needs of the people?