Weekly Current Affairs

The world has already finished off this year’s quota of natural resources [Environment]

  • World has exhausted nature’s budget of natural resources for entire year as a result of increased consumption levels, according to World Wildlife Fund release.
  • Observed as Earth Overshoot Day, the day marked the beginning of the world operating in overshoot for the rest of the year by exerting excess pressure on the planet for any resources drawn, according to the Global Footprint Network.
  • With population growth and increasing consumption, Earth Overshoot Day has moved from late September in 2000 to August 8 this year.
  • India, which has a low per capita consumption of natural resources, ranks third in its ecological footprint due to its high population.
  • The country comes after China and USA in the list.
  • Data from the National Footprint Accounts 2016 by World Bank suggests that cropland and forest footprints were the largest components of India’s overall ecological footprint, until the late 1980s, when the carbon footprint took over in the late 2000s.
  • India’s carbon footprint currently makes up 53 per cent of the country’s overall Ecological Footprint.
  • A country’s ecological footprint is the sum of all the cropland, grazing land, forest and fishing grounds required to produce the food, fibre and timber it consumes, to absorb the wastes emitted when it uses energy and to provide space for infrastructure.
  • The Earth is already exhausted so early in the year because the world now emits more carbon dioxide into the atmosphere than our oceans and forests can absorb, and fisheries and harvest forests are depleted far more quickly than they can reproduce and replenish.
  • While economies, populations and resource demands grow, the size of Earth and its natural resource base remains the same.
  • Presently, the world consumes as much as 1.6 Earths can provide.