Humanity just used up nature’s budget for the entire year

On August 8, humanity used up nature’s budget for the entire year.

Earth Overshoot Day, falling on 8 August this year

This is according to data from Global Footprint Network, an international research organization that is changing how the world manages its natural resources.

August 8th 2016 marks the date when humanity’s annual demand on nature, exceeds what Earth can regenerate in that year.

This is possible because we emit more carbon dioxide into the atmosphere than our oceans and forests can absorb, and we deplete fisheries and harvest forests more quickly than they can reproduce and regrow.

Mathis Wackernagel, co-founder and CEO of Global Footprint Network, said:

“Such a new way of living comes with many advantages, and making it happen takes effort. The good news is that it is possible with current technology, and financially advantageous with overall benefits exceeding costs. It will stimulate emerging sectors like renewable energy, while reducing risks and costs associated with the impact of climate change on inadequate infrastructure. The only resource we still need more of is political will.”