13th August, is Earth Overshoot Day – the point at which our planet's ecological budget has been exhausted for the year. From now until the end of 2015, we are operating in "ecological overdraft". In less than eight months, humanity has used up nature’s budget for the entire year, with carbon sequestration making up more than half of the demand on nature, according to data from Global Footprint Network, a sustainability think tank with offices in North America, Europe and Asia. Global Footprint Network tracks humanity’s demand on the planet (Ecological Footprint) against nature’s ability to provide for this demand (biocapacity). Earth Overshoot Day marks the date when humanity’s annual demand on nature exceeds what Earth can regenerate in that year. Earth Overshoot Day has been gradually shifting forward over the years – from early October in 2000, to 13th August in 2015. Last year, it occurred on 19th August. The costs of this ecological overspending are becoming more evident by the day, in the form of deforestation, drought, fresh-water scarcity, soil erosion, biodiversity loss and the buildup of carbon dioxide in the atmosphere. The latter will significantly amplify the former, if current climate models are correct. Consequently, government decision-makers who factor these growing constraints in their policy making will stand a
Credit: Global Footprint Network
absorbed. The climate agreement expected at the United Nations Conference of Parties (COP) 21 this December will focus on maintaining global warming within the 2°C range over pre-Industrial Revolution levels. This shared goal will require nations to implement policies to completely phase out fossil fuels by 2070, per the recommendations of the U.N.’s International Panel on Climate Change (IPCC), directly impacting the Ecological Footprints of nations. Assuming that global carbon emissions are reduced by at least 30 percent below today’s levels by 2030, in keeping with the IPCC’s suggested scenario, Earth Overshoot Day could be moved back on the calendar to 16th September 2030 (assuming the rest of the Footprint would continue to expand at the current rate), according to Global Footprint Network. This is not impossible. In fact, Denmark has cut its emissions over the last two decades at this rate: Since the 1990s, it has reduced its carbon emissions by 33%. Had the world done the same (while not changing the rest of the Footprint), Earth Overshoot Day would be on 3rd October this year. This is not to say that Denmark has already reached
a sustainable Ecological Footprint. Humanity would require the resources of nearly three planets if everyone lived like the Danes, which would move Earth Overshoot Day to 8th May. By contrast, business as usual would mean using the resources equivalent to two planets by 2030, with Earth Overshoot Day moving up on the calendar to the end of June. This projection assumes that biocapacity, population growth and consumption trends remain on their current trajectories. However, it is not clear whether a sustained level of overuse is possible without significantly damaging long-term biocapacity, with consequent impacts on consumption and population growth. “We are encouraged by the recent developments on the front line of renewable energy, which have been accelerating worldwide, and by the increasing awareness of the finance industry that a low-carbon economy is the way of the future,” says Wackernagel. “Going forward, we cannot stress enough the vital importance of reducing the carbon footprint, as nations are slated to commit to in Paris. It is not just good for the world, but increasingly becoming an economic necessity for each nation. We all know that the climate depends on it, but that is not the full story: Sustainability requires that everyone live well, within the means of one planet. This can only be achieved by keeping our Ecological Footprint within our planet’s resource budget.” Source: Article
