Humans have used up all of Earth's resources for 2016 in just under eight months and that's bad news.
It’s only August, and we have already used up Earth’s natural resources for the year, according to thinktank Global Footprint Network.
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The year 2016 also marks the fastest ever consumption of Earth resources in a single year as on Monday, August 8, the world has already consumed its annual allotment of renewable sources which is five days earlier than in 2015 (there are still 145 days left in the year). Previous year, humanity burnt through its natural resources by August 13.
When humanity consumes more natural resources than the Earth is able to generate in a single year, Earth Overshoot Day is observed worldwide. The date of the Earth Overshoot Day is determined by using data on thousands of economic sectors alongside humanity’s consumption of Earth’s natural resources for a given year
“When overshoot day arrives, it means we have spent all the interest on the planet’s ecological bank account and are now dipping into the capital. That is, we’re depleting what our planet does for us, so year after year, there is less for us to use. Less forest, fewer fish in the ocean, less productive land - burdens that fall disproportionately on the world’s poor.” Stuart Pimm, a professor at Duke University’s Nicholas School of the Environment explains.
Humans are overusing Earth’s natural resources. It is not just food, water and land. It can be excess of anything like we’re releasing more carbon dioxide into the air than the planet can adsorb, catching more fishes or cutting down more trees than nature can regrow each year. And the alarming thing is we are doing so at a much faster rate with each passing year.
In 1993 Earth Overshoot Day came in October 21, in 2003 on September 22, and last year on August 13.
“We continue to grow our ecological debt," said Pascal Canfin of green group WWF on the annual update.
“From Monday August 8, we will be living on credit because in eight months we would have consumed the natural capital that our planet can renew in a year.”
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