English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Humanity living on costly overdraft

OAKLAND, CA: According to the Sustainability think tank Global Footprint Network (GFN), humanity has used up its natural resources budget for 2014 and is now "overdrawn".

GFN tracks humanity's demand on the planet against its ability to replenish the natural resources and absorb waste, including CO2.

In 1961, humans used about 75 percent of the Earth's available ecological resources for food, fiber, timber, fish stock and greenhouse gas-sequestration capacity. By the early 1970s, global economic and demographic growth had increased humanity's footprint beyond what the planet could renewably produce. The organisation describes this as "overshoot".

OCHA"Global overshoot is becoming a defining challenge of the 21st century," said Mathis Wackernagel, GFN president. "Each individual country's availability of, and dependence on, natural capital will affect its economy and define how it can weather this global storm."

GFN notes 86 percent of the world's population live in countries that demand more from nature than their own ecosystems can renew. At the same time it says population, energy and food projections will require the capacity of three Earths well before the middle of this century.

"Economist Thomas Piketty has shown that the current market economy drives inequalities," explained Wackernagel. "As increasing natural capital constraints affect our ability to grow our economies, addressing inequality becomes even more challenging," he added.

GFN says the mounting ecological debt forces humanity to "pay interest" in the form of deforestation, fresh-water scarcity, soil erosion, biodiversity loss and the build-up of atmospheric CO2. The result, it adds, is a human and economic cost that transcend borders: "Even high-income countries need to realize that a long-term solution requires addressing biocapacity deficit before it turns into a significant economic stress," said Wackernagel.

The GFN data coincides with the release of a UN report that says 2014 has seen a major surge in humanitarian crises around the world. UN response plans now target more than 76 million people in 31 countries compared to 52 million in December 2013.The UN Office for the Coordination of Humanitarian Affairs (OCHA) says 102 million people are estimated to be in need of humanitarian assistance compared to 81 million in December 2013.

As a result, the money needed has risen from US$12.9 billion in 2013 to US$17.3 billion now – the highest figure ever recorded. Like the current Ebola crisis, OCHA notes that more and more events are going beyond local borders to other countries that are already vulnerable.

News

Written on 21/07/2017, 19:35
new-india-tax-will-mean-savings-say-expertsDELHI: July 21, 2017. The implementation of a new Goods and Services tax (GST) in India, as a replacement for a myriad of local and state levies, has...
Written on 20/07/2017, 22:27
america-s-largest-trade-gateway-aims-for-near-zero-emissionsSAN PEDRO BAY, CA: July 19, 2017. The ports of Los Angeles and Long Beach, America's two largest ports, have published a plan to reduce trucks and...
Written on 19/07/2017, 17:41
post-brexit-britain-to-rely-on-emerging-marketsBAAR, Switzerland: July 19, 2017. As Britain's Conservative government acknowledges the one-time cost of leaving the EU could be £66 billion, Agility...
Written on 18/07/2017, 18:26
politics-not-economics-key-to-inequality-says-researchBOSTON: July 17, 2017. Research by Oxfam suggests the poorest half of the world's population has received one percent of the total increase in global...
Written on 14/07/2017, 19:08
first-circular-economy-msc-launchedCRANFIELD, UK: July 14, 2017. Cranfield University is launching the world's first MSc course on the circular economy in October. The part-time...
Written on 14/07/2017, 16:23
delta-q2-cargo-revenue-upATLANTA: July 14, 2017. Delta Air Lines has reported a second quarter (Q2) 2017 net profit of US$1.22 billion on revenue of US$10.79 billion, compared...
Written on 13/07/2017, 19:28
100-companies-can-save-the-planetLONDON: July 10, 2017: New research from the Carbon Disclosure Project (CDP) reveals that 71 percent of all greenhouse gas emissions (GHGs) since 1998,...
Written on 12/07/2017, 18:29
turkey-continues-airlift-to-qatarISTANBUL: July 12, 2017. A report from Reuters says Turkey has sent 197 freighter aircraft, 16 trucks and one ship to Qatar since the political crisis...
Written on 09/07/2017, 20:51
emirates-airline-wins-on-waterAUCKLAND: July 06, 2017. Emirates Team New Zealand returned to a hero's welcome after winning the 35th America's Cup 7:1 against defending champion Oracle...
Written on 07/07/2017, 20:44
lufthansa-cargo-to-gain-from-eu-japan-dealBRUSSELS: July 06, 2017. On the eve of the G20 summit, the EU and Japan have sent a signal to protectionists by agreeing in principle to a deal covering...
Written on 07/07/2017, 19:39
british-business-calls-for-brexit-common-senseLONDON: July 07, 2017. The UK Confederation of British Industry (CBI) says in order to protect jobs and trade flows the UK should remain in the Single...
Written on 07/07/2017, 17:04
uk-customs-approves-cyber-attack-fail-safeLONDON: July 06, 2017. The British International Freight Association (BIFA) says it welcomes the UK government's decision to support 'CCS-UK Fallback', an...
Written on 07/07/2017, 15:44
africa-tops-airfreight-demand-in-mayGENEVA: July 05, 2017. IATA says the global airfreight market rose 12.7 percent in May compared to the same month last year, as capacity rose 5.2 percent...
Written on 06/07/2017, 20:51
flying-cheetah-drone-wins-amazon-competitionCAMBRIDGE, UK: July 05, 2017. 'Hannah M' from Ballymena, Northern Ireland has won the Amazon/UK Civil Aviation Authority (CAA) 'Design a Drone'...
Written on 30/06/2017, 21:01
ethiopian-airlines-makes-room-for-more-flowersADDIS ABABA: June 29, 2017. During the second ICAO Global Air Cargo Development Forum this week, Ethiopian Airlines opened its new air cargo terminal with...
Written on 29/06/2017, 22:17
facing-death-from-starvationHARGEISA, Somaliland: June 29, 2017: Save the Children says more than 20,000 children across nine districts in Somalia risk starving to death unless the...
Written on 29/06/2017, 20:13
uk-logistics-industry-threatenedTUNBRIDGE WELLS, UK: June 29, 2017. Britain's Freight Transport Association (FTA) has warned that without EU workers after 2019, the country's logistics...
Written on 26/06/2017, 21:45
making-the-best-of-an-ipoHANGZHOU, China: June 26, 2017. Best Inc., a logistics company backed by the Alibaba Group, has applied for a listing on the New York Stock Exchange and...
Written on 23/06/2017, 20:22
xpo-hit-by-port-strikeLOS ANGELES/LONG BEACH: June 23, 2017. Port and rail drivers working as independent contractors for XPO Cartage, part of XPO Logistics, began a strike...
Written on 21/06/2017, 22:44
more-disasters-but-less-moneyGENEVA: June 21, 2017. The United Nations says it needs US$23.5 billion in 2017 to provide humanitarian assistance to a record 141 million people in 37...

- powered by Quickchilli.com -