New calculations released today show that from now until the end of the year we will be living beyond our global environmental means. Research by the US-based Global Footprint Network in partnership with nef and Best Foot Forward reveals that as of today, humanity has used up what nature can renew this year and is now eating into its ‘ecological capital’.
Each year, the day that the global economy starts to operate with an ecological deficit is designated as ‘ecological debt day’ (known internationally as ‘overshoot day’). This marks the date that the planet’s environmental resource flow goes into the red and we begin operating on a non-existent environmental overdraft.
The fact that this year, ecological debt day falls on 9 October, only three quarters of the way through the year, means that we are living well beyond our environmental means. This leads, in effect, to a net depletion of the resources. From October 9 until the end of the year, humanity will be in ecological overshoot, building up ever greater ecological debt by consuming resources beyond the level that the planet’s ecosystems can replace.