Battling Over Resources
Resource security is now a priority for governments the world over. Markets for many resources are likely to remain tight and unstable as demand growth outstrips production and stocks struggle to recover. Government interventions in resource markets, such as biofuel mandates and export controls, often make things worse. In the medium term, climate change will create local scarcities in vital resources such as food and water, increase market instability by disrupting production and trade, and by fuelling conflict.