Earth Overshoot Day: We used a year's worth of resources in seven months

There is a date every year when the world's resource bank goes into overdraft.

At current rates, we use the resources of 1.7
Earths each year, according to the Global
Footprint Network.

This year, Earth Overshoot Day is marked globally on August 2. For the rest of year we're in the burning red.

It's the point when the amount of natural resources — think trees, fish and water — humanity takes from the Earth reaches the total that can be regenerated over the entire year.

It's when the amount of carbon emitted reaches the amount the forests and oceans are able to absorb.

This year it happened in seven months, according to the Global Footprint Network.

Read the ABC News story - “Earth Overshoot Day: We used a year's worth of resources in seven months.”