SUSTAINABLE ECONOMY OF NON RENEWABLE RESOURCES AND CONFLICT WITH ENVIRONMENT

Ivan Stevovic, Jovana Jovanovic and Sabahudin Hadrovic
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Ivan Stevovic: INNOVATION CENTRE OF THE FACULTY OF MECHANICAL ENGINEERING UNIVERSITY OF BELGRADE, BELGRADE, SERBIA
Jovana Jovanovic: FACULTY OF CIVIL ENGINEERING AND MANAGEMENT UNIVERSITY UNION NIKOLA TESLA, BELGRADE, SERBIA
Sabahudin Hadrovic: INSTITUTE OF FORESTRY, KNEZA VISESLAVA 3, BELGRADE, SERBIA

Annals - Economy Series, 2023, vol. 3, 119-126

Abstract: Mining is one of the technology processes which significantly affect the environment. Contemporary science is often focused on renewable resources, but non renewable resources and their mining are also present and deserve more intense research, due to its complex role in the economy. On the other point of view, non renewable resources as mining products are necessary to maintain and improve the life quality level. This conflict is not sustainable in long term perspective. From the aspect of sustainable development the primary task is to ensure the development right for future generations. It means that intensive level of interdisciplinary research is necessary to provide initial conditions (available reserve of ore) and utilization dynamic of mineral resources. This paper analyzes some aspects of correlation between sustainable development and mining. Mathematical model that describes the mentioned ideas is developed in this manuscript, including the conflict of economic goals, principles of environmental protection and sustainable development.

Keywords: environment; non renewable resources; sustainable development; conflict of interest; mathematical model; sustainable economy; sustainable development goals. (search for similar items in EconPapers)
Date: 2023
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