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Resource depletion is the consumption of a resource faster than it can be replenished. Natural resources are commonly divided between renewable resources and non-renewable resources. The use of either of these forms of resources beyond their rate of replacement is considered to be resource depletion.[1] The value of a resource is a direct result of its availability in nature and the cost of extracting the resource. The more a resource is depleted the more the value of the resource increases.[2] There are several types of resource depletion, including but not limited to: mining for fossil fuels and minerals, deforestation, pollution or contamination of resources, wetland and ecosystem degradation, soil erosion, overconsumption, aquifer depletion, and the excessive or unnecessary use of resources. Resource depletion is most commonly used in reference to farming, fishing, mining, water usage, and the consumption of fossil fuels.[3] Depletion of wildlife populations is called defaunation.[4]
Resource depletion also brings up topics regarding its history, specifically its roots in colonialism and the Industrial Revolution, depletion accounting, and the socioeconomic impacts of resource depletion, as well as the morality of resource consumption, how humanity will be impacted and what the future will look like if resource depletion continues at the current rate, Earth Overshoot Day, and when specific resources will be completely exhausted.