According to the Global Footprint Network, today is Earth Overshoot Day. We have already used up as many resources in 2009 as the planet can produce in a single year. The rest of the year represents deficit spending.
“It’s a simple case of income versus expenditures,” said Global Footprint Network President Mathis Wackernagel. “For years, our demand on nature has exceeded, by an increasingly greater margin, the budget of what nature can produce. The urgent threats we are seeing now – most notably climate change, but also biodiversity loss, shrinking forests, declining fisheries, soil erosion and freshwater stress – are all clear signs: Nature is running out of credit to extend.”