nef reports:
On September 23, humanity will have used up all the resources nature will provide this year, according to the latest data from Global Footprint Network and its member organisation nef (the new economics foundation) who devised the concept of Ecological Debt Day. Just like any company, nature has a budget – it can only produce so many resources and absorb so much waste each year. The problem is, our demand on nature’s services is exceeding what it can provide. Since the 1980s, humanity has been in ecological overshoot, using resources faster than they can be regenerated and putting carbon into the air faster than it can be reabsorbed. Globally, we now demand the biological capacity of 1.4 planets. But of course, we only have one. The result is that our supply of natural resources – like trees and fish – continues to shrink, while our waste – primarily carbon dioxide – accumulates. “It took governments in the UK and US just a week to drop decades of hardened economic practice to save the financial system from meltdown, why should it take any longer to act to save the planet?” says Andrew Simms, nef policy director, “They say that big financial institutions are too big to fail, but there is something larger and much more important that is being allowed to collapse – a climate system conducive to human civilisation. There could be less than one hundred months to prevent catastrophic, runaway global warming. We need a programme from government now, that is at least as bold as action to save reckless financiers.”Read the full article here
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