Humanity has already consumed Earth's 2017 resource 'budget'

In 1993 it fell on October 21 in 2003 on September 22 and in 2015 on August 13

In 1993 it fell on October 21 in 2003 on September 22 and in 2015 on August 13

Humans would need the equivalent of 1.7 Earths to accommodate our consumption level, according to the Global Footprint Network.

Last year, there was much optimism that the Paris Climate Agreement, signed by 200 countries committing to cut carbon emissions would begin the journey towards bringing humanity back within its limits, however, this seemed to have been thrown into jeopardy by President Trump's decision to pull the United States out of the deal earlier this year.

Humans have been consuming a year's worth of resources within months for several decades.

This year's Earth Overshoot Day is earlier than ever.

Different countries also have different Earth Overshoot Days, depending on how ecologically-friendly they are. However, this is still double the 78 per cent that was used in 1963.

Comprising only about 5 percent of the world's population, Americans use about 25 percent of the planet's coal, 26 percent of its oil and 27 percent of its natural gas, according to the WorldWatch Institute. By the middle of the next century, predictions suggest it will take two Earth's to keep up with demand.

A shocking report has shown that today is Earth Overshoot Day - the day in which humanity has overspent its water, soil and clean air allowance for the year.

This year, it kickstarted an online campaign with the hashtag #MoveTheDate, explaining that if Earth Overshoot Day was moved back 4.5 days each year, humans could return to "living within the means of one Earth" before 2050.

The report says individuals can contribute to stopping, and eventually reversing, the trend by eating less meat, burning less fuel, and cut back on food waste.

"Humanity's carbon footprint alone more than doubled since the early 1970s".

Commenting on the launch of the Footprint Calculator, Mathis Wackernagel, CEO of Global Footprint Network and co-creator of the Ecological Footprint, stated: "Our planet is finite, but human possibilities are not".

The day is calculated by the Global Footprint Network, a science of sustainability organisation. If their campaign is successful and people worldwide heed their warning and advice, the date could be pushed back almost five days every year moving forward. For the rest of the year, humanity is "living on credit".

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