Yesterday was ecological debt day.
Rich consumers are still voraciously gobbling up the world's resources, despite the worst recession in a generation, with their appetite pushing the planet into "ecological debt" from today, according to a report by think-tank the new economics foundation.
This "ecological debt day" marks the point in the year when consumption around the world exceeds the Earth's annual "biocapacity" — so for the remainder of the year, we will be eating into environmental resources that will not be replaced, according to nef's calculations.
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