World goes in to ecological debt

by frog

According to the New Economics Foundation October 9 was the day that the world went in to ecological debt for the year. You can think of it as if the world has a budget for the year, and basically this week it blew it. And of course there aren’t particularly friendly credit agencies to borrow from. The only way the world can live beyond its means is by taking from the future.

From October 9 until the end of the year, humanity will be in ecological overshoot, building up ever greater ecological debt by consuming resources beyond the level that the planet’s ecosystems can replace.

And the problem is getting worse.

The day that we begin living beyond our environmental means is creeping ever earlier in the year as human consumption grows:

humanity first went into global ecological debt in 1987, with the first ecological debt day on 19 December that year;
by 1995 it had jumped a month forward to 21 November;
now, new estimates based on the latest available data indicate that in 2006, we run out of ecological resources today, Monday 9 October.

frog says

Published in Environment & Resource Management by frog on Wed, October 11th, 2006   

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