3 August 2017, Renew Economy, World has already used nature’s budget for year, and Australia is worst offender. The world has already consumed its nature “budget”for the entire year, and Australia has been identified as the worst offending country among major economies. If everyone lived like the average Australian, the world’s nature budget for the year would have been consumed in early March. A California-based research organisation called the Global Footprint Network says that August 2 marked the day that the world used the last of “nature’s “budget” for the year. “Earth Overshoot Day” marks the date when humanity’s annual demand on nature exceeds what Earth can regenerate in that year. Read More here