Resource efficiency in the context of "Sustainable Development Goal 11"

Resource consumption is about the consumption of non-renewable, or less often, renewable resources. Specifically, it may refer to:

• water consumption
• energy consumption
  • electric energy consumption
  • world energy consumption
• natural gas consumption/gas depletion
• oil consumption/oil depletion
• logging/deforestation
• fishing/overfishing
• land use/land loss or
• resource depletion and
• general exploitation and associated environmental degradation

Measures of resource consumption are resource intensity and resource efficiency. Industrialization and globalized markets have increased the tendency for overconsumption of resources. The resource consumption rate of a nation does not usually correspond with the primary resource availability, this is called resource curse.

Sustainable Development Goal 8 (SDG 8 or Global Goal 8) is about "decent work and economic growth" and is one of the 17 Sustainable Development Goals which were established by the United Nations General Assembly in 2015. The full title is to "Foster sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all." Progress towards targets will be measured, monitored and evaluated by 17 indicators.

SDG 8 has twelve targets in total to be achieved by 2030. Some targets are for 2030; others are for 2020. The first ten are outcome targets. These are; "sustainable economic growth; diversify, innovate and upgrade for economic productivity", "promote policies to support job creation and growing enterprises", "improve resource efficiency in consumption and production", 'full employment and decent work with equal pay', 'promote youth employment, education and training', 'end modern slavery, trafficking, and child labour', 'protect labour rights and promote safe working environments', 'promote beneficial and sustainable tourism', universal access to banking, insurance and financial services. In addition, there are also two targets for means of implementation, which are: Increase aid for trade support; develop a global youth employment strategy.

Green industrial policy (GIP) is strategic government policy that attempts to accelerate the development and growth of green industries to transition towards a low-carbon economy. Green industrial policy is necessary because green industries such as renewable energy and low-carbon public transportation infrastructure face high costs and many risks in terms of the market economy. Therefore, they need support from the public sector in the form of industrial policy until they become commercially viable. Natural scientists warn that immediate action must occur to lower greenhouse gas emissions and mitigate the effects of climate change. Social scientists argue that the mitigation of climate change requires state intervention and governance reform. Thus, governments use GIP to address the economic, political, and environmental issues of climate change. GIP is conducive to sustainable economic, institutional, and technological transformation. It goes beyond the free market economic structure to address market failures and commitment problems that hinder sustainable investment. Effective GIP builds political support for carbon regulation, which is necessary to transition towards a low-carbon economy. Several governments use different types of GIP that lead to various outcomes. The Green Industry plays a pivotal role in creating a sustainable and environmentally responsible future; By prioritizing resource efficiency, renewable energy, and eco-friendly practices, this industry significantly benefits society and the planet at large.

GIP and industrial policy are similar, although GIP has unique challenges and goals. GIP faces the particular challenge of reconciling economic and environmental issues. It deals with a high degree of uncertainty about green investment profitability. Furthermore, it addresses the reluctance of industry to invest in green development, and it helps current governments influence future climate policy.

Resource intensity is a measure of the resources (e.g. water, energy, materials) needed for the production, processing and disposal of a unit of good or service, or for the completion of a process or activity; it is therefore a measure of the efficiency of resource use. It is often expressed as the quantity of resource embodied in unit cost e.g. litres of water per $1 spent on product. In national economic and sustainability accounting it can be calculated as units of resource expended per unit of GDP. When applied to a single person it is expressed as the resource use of that person per unit of consumption. Relatively high resource intensities indicate a high price or environmental cost of converting resource into GDP; low resource intensity indicates a lower price or environmental cost of converting resource into GDP.

Resource productivity and resource intensity are key concepts used in sustainability measurement as they measure attempts to decouple the connection between resource use and environmental degradation. Their strength is that they can be used as a metric for both economic and environmental cost. Although these concepts are two sides of the same coin, in practice they involve very different approaches and can be viewed as reflecting, on the one hand, the efficiency of resource production as outcome per unit of resource use (resource productivity) and, on the other hand, the efficiency of resource consumption as resource use per unit outcome (resource intensity). The sustainability objective is to maximize resource productivity while minimizing resource intensity.

Green development is a real estate development concept that considers social and environmental impacts of development. It is defined by three sub-categories: environmental responsiveness, resource efficiency, and community and cultural sensitivity. Environmental responsiveness respects the intrinsic value of nature, and minimizes damage to an ecosystem. Resource efficiency refers to the use of fewer resources to conserve energy and the environment. Community and cultural sensitivity recognizes the unique cultural values that each community hosts and considers them in real estate development, unlike more discernable signs of sustainability, like solar energy, (solar panels are more visibly "green" than the use of local materials). Green development manifests itself in various forms, however it is generally based on solution multipliers: features of a project that provide additional benefits, which ultimately reduce the projects' environmental impacts.