It means that for the rest of 2019, all the energy that people use is unsustainable in the long term and that the planet has absorbed as many carbon emissions as it can.
Earth Overshoot Day falls on earliest-ever date in 2019, as humans use far more natural resources than is sustainable.
Jewellery giant Swarovski has calculated the monetary value of the natural resources used to produce its namesake crystals, in a move towards its overarching aim to supply "the world's most transparent crystal".
WAVES has helpsed Indonesia implement a system that calculates the physical and monetary values of natural resources using an accounting system, or often referred to as Natural Capital Accounting, or NCA. Through NCA, natural resources can be mainstreamed into development policy and planning. This video captures the impact that accounting has had on policy-making in Indonesia.
Something fundamental may be shifting in the way we see our relationship with the natural world.
Depletion of natural capital is an irreversible process and steps to assess and combat this are needed urgently.
Green Growth Knowledge Platform asked thought leaders to share their insight on new approaches to wealth accounting and the challenges of moving beyond GDP.
Government of Zambia says it is vital to account for natural resources in calculation of the Gross Domestic Product (GDP) and the wider national development.