The story of the Club of Rome starts with the issue of natural resources, mineral ones in particular. In the 1960s, it had become clear to the Club’s founder, Aurelio Peccei, that the world’s resources were not infinite. The question was how that was to affect humankind. It was the origin of the first and the best-known report to the Club of Rome, “The Limits to Growth,” published in 1972.
The 1972 report already provided answers to the question of the relevance of depletion. It turned out that resource scarcity would limit the growth of the world’s economy and, eventually, lead to a decline. This conclusion was often misunderstood as meaning that humankind would soon “run out” of oil, gas, or some other resource; but that was never stated in the report and it never was the point. The problem is not, and never was, running out of anything. It is that the gradual depletion of mineral ores makes extraction more expensive and that’s a burden on society that we cannot ignore.
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