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ecological debt

Just in case you were wondering – no, the Great Recession “has had little impact on humanity’s over-consumption of resources, says a report.”

Every year, the New Economics Foundation (Nef) runs the numbers and determines the exact date when the world enters ecological debt. In other words, “This is the date by which humanity has used the quantity of natural resources that ought to last an entire year if used at a sustainable rate.” This year? September 25th.

“Debt-fuelled over-consumption not only brought the financial system to the edge of collapse, it is pushing many of our natural life support systems toward a precipice.” Or so says Andrew Simms, Nef policy director and co-author of the report.

What’s a Neo-Green to do?

posted by Mudd
all quotes BBC online edition

Posted in Uncategorized.

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