A new report by WWF and Global Footprint Network has revealed that humanity has already used up this year’s resource ‘budget’ and that we will be living the rest of the year on credit.
According to the report humans have used up their allowance of planetary resources such as water, soil, and clean air for all of 2017 by August 2 leaving us with nothing for the year – at least on paper – and forcing us to live the next five years on credit.
In the report, the environmental groups have stated: “By August 2, 2017, we will have used more from Nature than our planet can renew in the whole year.”
The report adds that in just seven months of this year we have consumed more resources than Earth was able to produce. We have also emitted more carbon than the oceans and forests can absorb in a year, we caught more fish, felled more trees, harvested more, and consumed more water.
The equivalent of 1.7 planets would be required to produce enough to meet humanity’s needs at current consumption rates.
Calculated since 1986, the grim milestone has arrived earlier each year.
In 1993, it fell on October 21, in 2003 on September 22, and in 2015 on August 13.
Greenhouse gas emissions from burning coal, oil and gas make up 60 per cent of mankind’s ecological “footprint” on the planet, said the groups.
There was some good news. While coming earlier every year, the advance of Earth Overshoot Day has slowed down, said the statement.
Individuals can contribute to stopping, and eventually reversing, the trend by eating less meat, burning less fuel, and cut back on food waste, said the report.