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The depletion of resources has been an issue since the beginning of the 19th century amidst the First Industrial Revolution.The extraction of both renewable and non-renewable resources increased drastically, much further than thought possible pre-industrialization, due to the technological advancements and economic development that lead to an increased demand for natural resources.
Earth Overshoot Day is calculated by dividing the world biocapacity (the amount of natural resources regenerated by Earth that year), by the world ecological footprint (humanity's consumption of Earth's natural resources for that year), and multiplying by 365 (366 in leap years), the number of days in a year:
The Ministry of Natural Resources and Environment (MONRE, Vietnamese: Bộ Tài nguyên và Môi trường) is a government ministry in Vietnam responsible for: land, water resources; mineral resources, geology; environment; hydrometeorology; climate change; surveying and mapping; management of the islands and the sea.
Environmental degradation is the deterioration of the environment through depletion of resources such as quality of air, water and soil; the destruction of ecosystems; habitat destruction; the extinction of wildlife; and pollution. It is defined as any change or disturbance to the environment perceived to be deleterious or undesirable.
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Giurco et al. (2009) [8] indicate that the debate about how to analytically describe resource depletion is ongoing. Traditionally, a fixed stock paradigm has been applied, but Tilton and Lagos (2007) [9] suggest using an opportunity cost paradigm is better because the usable resource quantity is represented by price and the opportunity cost of using the resource.
Degrowth can also be interpreted as a plea for resource reallocation, aiming to halt unsustainable practices of transforming certain entities into resources, such as non-renewable natural resources. Instead, the focus shifts towards identifying and utilizing alternative resources, such as renewable human capabilities.
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