Sustainable resource management: a societal uncertainty perspective

Falebita, Oluwabunmi A.; Koul, Saroj; Akinbami, John Felix Kayode; Akarakiri, Joshua B.

doi:10.1080/13504509.2019.1697904

Cited by 3 publications

(2 citation statements)

References 22 publications

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“…Some significant variables and cardinal sustainable development indicators identified as relevant to this study [ 13 , 18 , 22 , 23 , 30 , 31 ] include the following: economic-dynamics : employment, GDP; enviro-dynamics : land use, water use, GHG (CO2) emissions, heavy metal emission; socio-dynamics : displacement, infrastructure, public services, and farming /fishing.…”

Section: Methodology—a Model Structurementioning

confidence: 99%

“…Exploration and development of this resource represent a national and global concern. Many authors focus on the sustainable development of this reserve because of the concurrent impacts on the “economic, social, and environmental” perspectives of sustainable development [ 11 , 13 , 17 , 32 ]. The impact on terrestrial and aquatic pressure, safety, sea and land contamination, hothouse gas releases, and dislodgment of inhabitants from contiguous societies requires a comprehensive approach, thus motivating this current study.…”

Section: Introductionmentioning

confidence: 99%

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Unconventional energy resources: a system dynamics evaluation of social, environment and economic aspects

Falebita

Koul

Taylor³

2022

Int J Energy Environ Eng

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This study substantiates the usefulness of a systemic approach to investigate the multi-dimensional challenges regarding environmental, economic, and social impacts facing the sustainable development of unconventional energy resources, particularly oil sands (OS) in Canada. This research uses the system dynamics (SD) methodology to examine the impact of shocks in oil demand using real and theoretical scenarios. This was done by identifying leading indicators critical to OS resource development to capture sustainable development effects. The study identifies the contribution of OS resources in Canada to global sustainable development and has developed a model structure that captures the critical parameters associated with the economic-dynamics, socio-dynamics, and enviro-dynamics for the next 30 years. It also includes the impact of sudden oil supply and demand shocks and presents various recovery scenarios. The results from these scenarios indicate that it may take up to 25 years for the industry to return to its pre-shock trajectory, even assuming a rapid recovery. As such, the study proposes an adaptive model to assist sustainable energy development policies and decision-making. Accordingly, the approach can be helpful for academicians, policymakers, and practitioners for objective decision-making regarding sustainable development. Meanwhile, it provides cogent and valuable information for natural resource governance.

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