August 19 is Earth Overshoot Day 2014, marking the date when humanity has exhausted nature’s budget for the year. For the rest of the year, we will maintain our ecological deficit by drawing down local resource stocks and accumulating carbon dioxide in the atmosphere. We will be operating in overshoot.
Just as a bank statement tracks income against expenditures, Global Footprint Network measures humanity’s demand for and supply of natural resources and ecological services. And the data is sobering. Global Footprint Network estimates that approximately every eight months, we demand more renewable resources and C02 sequestration than what the planet can provide for an entire year.
Click here to learn more about Earth Overshoot Day, and how it has changed over time.
Click here for an economics-focused press release on 2014 Earth Overshoot Day.
Earth Overshoot Day is the annual marker of when we begin living beyond our means in a given year. While only a rough estimate of time and resource trends, Earth Overshoot Day is as close as science can be to measuring the gap between our demand for ecological resources and services, and how much the planet can provide.
Throughout most of history, humanity has used nature’s resources to build cities and roads, to provide food and create products, and to absorb our carbon dioxide at a rate that was well within Earth’s budget. But in the mid-1970s, we crossed a critical threshold: Human consumption began outstripping what the planet could reproduce.
According to Global Footprint Network’s calculations, our demand for renewable ecological resources and the services they provide is now equivalent to that of more than 1.5 Earths. The data shows us on track to require the resources of two planets well before mid-century.
The fact that we are using, or “spending,” our natural capital faster than it can replenish is similar to having expenditures that continuously exceed income. In planetary terms, the costs of our ecological overspending are becoming more evident by the day. Climate change—a result of greenhouse gases being emitted faster than they can be absorbed by forests and oceans—is the most obvious and arguably pressing result. But there are others—shrinking forests, species loss, fisheries collapse, higher commodity prices and civil unrest, to name a few. The environmental and economic crises we are experiencing are symptoms of looming catastrophe. Humanity is simply using more than what the planet can provide.
Earth Overshoot Day is an estimate, not an exact date. It’s not possible to determine with 100 percent accuracy the day we bust our ecological budget. Adjustments of the date that we go into overshoot are due to revised calculations, not ecological advances on the part of humanity.
As Global Footprint Network methodology changes, projections will continue to shift. But every scientific model used to account for human demand and nature’s supply shows a consistent trend: We are well over budget, and that debt is compounding. It is an ecological debt, and the interest we are paying on that mounting debt—food shortages, soil erosion, and the build-up of CO₂ in our atmosphere—comes with devastating human and monetary costs.
Calculate your own personal Ecological Footprint and learn what you can do to reduce it with our Footprint Calculator.
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