(More happy-happy reading about the mass suicide we are committing).
New research reveals rising consumption of natural resources is pushing the world into ever earlier ecological debt, or ‘overshoot’.
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.
Read and weep full story:
http://www.neweconomics.org/gen/ecologicaldebt091006.aspx