Looks like we've been putting our purchases of "fresh air" and "clean water" on our credit cards lately, and a nasty bill just arrived. The WWF just released a Living Planet report showing that humans are using 30 percent more resources than the planet can sustain and replenish every year.
The interest rate on living beyond our ecological means is huge. Huge. At the current rate of consumption, we're going to need a second planet by 2030. A second planet. Any ideas on where to get a nice used planet that will sustain human life real cheap? Yeah, me either.
The dividends on gobbling up our natural resources are deforestation, unhealthy soils, crappy air and water, and steep declines in the number of fish and other species. Our boundless population growth is outstripping technology's advances to expand natural production. To see what kind of response the report is advocating, read more.
While we've been worrying understandably about our pocket books, the current cost of our environmental shortfalls not only overshadow the cost of the financial crisis, it's going to require as big and immediate a response. According to the study's authors politicians"now need to turn their collective action to a far more pressing concern and that's the survival of all life on planet Earth."
Does this convince you an environmental bailout is needed?