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What is Earth Overshoot Day?

What is Earth Overshoot Day?
In 8 Months, Humanity Exhausts Earth's Budget for the Year August 20 is Earth Overshoot Day 2013, marking the date when humanity exhausted nature’s budget for the year. We are now operating in overdraft. For the rest of the year, we will maintain our ecological deficit by drawing down local resource stocks and accumulating carbon dioxide in the atmosphere. Just as a bank statement tracks income against expenditures, Global Footprint Network measures humanity’s demand for and supply of natural resources and ecological services. And the data is sobering. In 1993, Earth Overshoot Day—the approximate date our resource consumption for a given year exceeds the planet’s ability to replenish—fell on October 21. Earth Overshoot Day, a concept originally developed by Global Footprint Network partner and U.K. think tank new economics foundation, is the annual marker of when we begin living beyond our means in a given year. The Cost of Ecological Overspending Methodology and Projections

http://www.footprintnetwork.org/en/index.php/GFN/page/earth_overshoot_day/

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