This is 'Earth Overshoot Day" - we are now living in daily debt

O

n this day in August 2015, humans have used an entire year’s worth of the Earth’s natural resources, according to the Global Footprint Network.

Calling it Earth Overshoot Day, the group celebrates — or, rather, notes — the day by which people have used more natural resources, such as fish stocks, timber, and even carbon emissions, than the Earth can regenerate in a single year. It’s basically a balance sheet for global accounting.

“We can overuse nature quite easily,” Mathis Wackernagel, president of the Global Footprint Network, told ThinkProgress. “When you start to spend more than you earn, it does not become immediately apparent. But, eventually, you go bankrupt.”

Read the ClimateProgress story - “Happy Earth Overshoot Day! We’ve Now Used All Our Resources For The Year.”