Humans have spent Earth's 2017 resource 'budget' already

Earth's 2017 resource 'budget' spent by 2 August

Earth Overshoot Day 2017, or the day when the humanity exhausts all the resources the Earth can reproduce within the year, has come on Wednesday, August 2, the Global Footprint Network (GFN) said.

This year's Earth Overshoot Day is earlier than ever.

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".

Overconsumption of the Earth's resources takes its toll on the planet in many ways, including deforestation, drought, fresh-water scarcity, soil erosion, biodiversity loss, and the buildup of carbon dioxide in the atmosphere.

Human activity now consumes 1.71 times more renewable natural resources and ecological services than Earth can renew, depleting our natural capital, stated the organization (to which I provide communications and outreach support). Businesses stand on the front line of this challenge of the century, not only due to their dependence on ecological resources but also because they have a major role to play in creating an economy that can operate within the ecological budget of our planet.

"Our planet is finite, but human possibilities are not", Mathis Wackernagel, CEO of the Global Footprint Network, said in a statement ahead of today's inauspicious landmark.

The Global Footprint Network has identified two areas in which significant improvements can be made: carbon and food.

Humans would need the equivalent of 1.7 Earths to accommodate our consumption level, according to the Global Footprint Network. Meanwhile, China, the country with the largest total Ecological Footprint, is firmly committed to building an Ecological Civilization, with many initiatives to accelerate its carbon peak.

The groups also stress the vital importance of individuals reducing their carbon footprint. "To achieve the goals of the Paris Climate Accord, humanity would need to exit the fossil fuel economy before 2050". For instance, in 2007, Earth Overshoot Day fell on August 15, and in 1997, it arrived on September 30.

The analysis is done on early basis by the organization Footprint Network which measures the influence of the humankind on the planet.

The date of Earth Overshoot Day is calculated by comparing the amount of ecological resources the Earth can generate that year, by humanity's demand for that year.

"It is interesting to note that China, should it do good on its commitment to reduce meat consumption, will be leading by example in its innovative attempt to restore ecological balance", said Wackernagel.

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