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.
"These are the consequences of busting the ecological budget of our one and only planet".
Carbon levels, which rise due to human activities like fossil fuel burning and deforestation, make up 60% of the ecological footprint.
Tommy Robinson wins appeal over contempt sentence
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Sam Darnold signs with Jets in $30 million deal
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Everton sign defender Digne from Barcelona
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