Mineral Resource Economics 1. Florian Fizaine

Mineral Resource Economics 1 - Florian Fizaine


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affecting mineral resources. She discusses issues related to the domestic law of territorial mineral resources through the French and American cases. The question of the exploitation of mineral resources is posed differently in international law, depending on whether the resources are territorial (in the case of the seabed of the continental shelf) or extraterritorial (the seabed of international waters and the Antarctic). She explains that the current legal regimes are insufficient, often truncated and do not guarantee respect for all aspects of sustainable development.

      Finally, Michel Deshaies (Chapter 3) traces how the presence of mineral resources influences the evolution of settlement mechanisms throughout history. In particular, the author shows that settlement mechanisms present historical, regional and material disparities (differences between metal and coal deposits). He also observes that territories where mining activities are carried out have to overcome several obstacles, such as recurrent conflicts with local populations, and also huge reconversion challenges for the post-mining period.

      In a third problematic, we propose to explore the major leverage actions often perceived as answers, or elements of answers, to the challenges mentioned above: domestic mining, substitution, decoupling (or material efficiency), recycling and the sobriety associated with the concept of low-tech.

      Through the analysis of another unavoidable leverage action, Florian Fizaine (Chapter 5) proposes to explore the standard theory underlying intra-material substitution. In particular, he returns to the notions of the demand curve, price elasticity and cross-price elasticity of demand while underlining their shortcomings and limitations when applied to mineral resources. In particular, he sheds light on this lack by evoking the heterogeneity of situations according to the different scales of material sub-constitution. Lastly, he concludes by explaining the multiple technical, economic, socio-cultural and legal constraints that limit material substitution.

      Thierry Lefèvre (Chapter 6) reviews empirical studies analyzing the decoupling (dematerialization) between GDP and the various indicators of raw material consumption. He shows that decoupling is at best relative and not absolute, as would be desired by international organizations promoting sustainable development and energy transition. These decoupling indicators also leave aside several important issues, such as inequality and the quality of life of populations. These other dimensions must be taken into account in the future to achieve true sustainable development.

      A little further on, Alain Geldron (Chapter 7) describes how recycling activities have been gradually implemented in different countries. Although there are some similarities, traditional mining and urban mining are different in terms of logic and economic model. The author then examines the main factors for the efficiency of recycling through its successive stages (collection, transport, etc.). Finally, he also discusses the most important constraints on recycling and whether they are related to the recycling stage or to the type of metal recycled.

      In the final chapter, Philippe Bihouix (Chapter 8) argues that it is impossible to achieve a complete circular economy through recycling and dematerialization. Therefore, frugality and a particular form of ecodesign should be favored, namely the concept of low-tech. He also insists on the importance of choosing the right scale to implement these, on the primary role of humans in their reparability and finally on the need to pursue a new utopia with positive results expected for people in order to achieve this necessary ecological transition.

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