For most of human history we’ve been consuming resources at a rate lower than what the planet was able to regenerate.
Unfortunately we have crossed a critical threshold. The demand we are now placing on our planets resources appears to have begun to outpace the rate at which nature can replenish them.
The gap between human demand and supply is known as ecological overshoot. To better understand the concept think of your bank account – in it you have $5000.00 paying monthly interest. Month after month you take the interest plus $100. That $100 is your financial, or for our purposes, your ecological overshoot and its withdrawal is obviously unsustainable.
Humans are currently withdrawing more natural resources then our Earth bank is able to provide on a sustainable basis. How much more? At today’s rate of withdrawal we need almost another half earth. We’re on track to require the resources of two planets by 2050.
If today, everyone on earth were to start consuming the same amount of natural resources as the average American we’d need 3.9 planets.
According to the Global Footprint Network August 19 was Earth Overshoot Day 2014 - the day when humanity exhausts our ecological budget for the entire year. For the other 4.5 months of the year we’re in ecological overshoot.
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