In order to determine the date of an Earth overshoot day the Global Footprint Network, an worldwide think tank, calculates the number of days that Earth's biocapacity - the ability to renew what people use - can support humanity's ecological footprint. This year, Overshoot Day came the earliest since 1970, when calculations began, namely on August 1st.
"Operating in this reality requires creativity and innovation, and companies must rise to the challenge by looking at how to manage natural resources differently, how to measure them more accurately, and how to develop products and processes that use them more efficiently", said Susan Uthayakumar, President, Schneider Electric Canada.
Experts have warned that humanity has used up all of the food, timber and other natural products that the Earth can sustainably provide for a year in the past seven months.
The number gets multiplied by 365 to determine how many days Earth's resources will last at humanity's current rates of consumption. In other words, we are living beyond our means.
There are things that we can do to prevent the date from moving backwards every year, as detailed on the Earth Overshoot Day official website. According to the report, it takes 14 times as much land to produce a ton of beef as it takes to produce a ton of grain.
Ohio State Fires Scandalized WR Coach Zach Smith
His answer to reporters before his main news conference Tuesday makes it seem like he had no idea the investigation even happened. No charges were filed in that incident. "I was never told about anything and nothing ever came to light".
LG Signature Edition Smartphone Due Mid-August
LG Signature Edition 2018 luxury smartphone has been launched in Korea as a successor to last year's 6-inch Signature Edition . Chief among these is a set of Bang and Olufsen Beoplay H9i wireless headphones that normally retail separately for US$500.
WhatsApp out to make money from business messages
Facebook paid $19bn to buy WhatsApp in 2014 and there has always been speculation about how Facebook meant to make money from it. But businesses will have to pay to send certain messages, marking the free app's first major move to pull in revenue.
Indian central bank raises rates for second time
The reverse repo rate was also raised by 25 basis points, to 6.25 percent by the panel headed by RBI governor Urjit Patel . The move will lead to an increase in the interest customers pay on loans (home loan, auto loan or personal loan).