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These are global objectives that every generation of politicians is expected to strive for in order to realize a balanced growth for mankind. All three objectives initially were assigned the same priority. The Rio Declaration at the UN Conference on Environment and Development in Rio de Janeiro in 1992 accepted and agreed to these three universal goals. The concept of inter-generational equity is complemented by intra-generational equity, which was defined in Agenda 21 as a triangle of three humanitarian objectives: (1) to conserve the basic needs of life (2) to enable all people to achieve economic prosperity and (3) to strive towards social justice. On the supply side, the learning effects are in technology development around primary resources and the increased use of secondary resources on the demand side with thriftier use of raw materials. The feedback cycle of course goes hand in hand with a continuous learning process. In our constant drive to secure the supply of efficient raw materials, the feedback control cycle plays an indispensable role by virtue of it reacting to price signals on both the supply and demand sides. Any material that can perform the same function more efficiently or cheaply can replace any other material. Man does not need natural resources as such, only the intrinsic property of a material that enables the fulfilment of a function is required. To fulfil the natural resources needs of future generations we have three resources at our disposal: (1) the geosphere or primary resources (2) the technosphere or secondary resources and (3) human ingenuity and creativity driving innovation. In meeting these challenges, the trilemma of security of supply under conditions of economic viability and environmental sustainability also needs to be addressed in order to achieve sustainable development. Sustainable development with regard to non-renewable resources can best be defined in terms of the inter-generational challenge of the Brundtland commission and the intra-generational challenge worked out in Agenda 21 of the 1992 Rio de Janeiro conference of United Nations Conference on Environment and Development (UNCED).

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