The dire predictions of the 1974 Club of Rome's The Limits of Growth report are in part discredited because

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The dire predictions of The Limits of Growth report were largely based on the assumption that minerals and resources would become increasingly scarce and expensive, leading to economic collapse. However, as resources become scarce and expensive, it becomes cost-effective for users to find substitutes, and the market drives innovation and efficiency in resource use. This has been demonstrated by the fact that many of the resource constraints predicted by the report have not materialized to the extent predicted, due to technological advances and the development of substitutes.

The Dire Predictions of the 1974 Club of Rome's the Limits