Monday, Aug. 8, was Earth Overshoot Day, the day when humanity has used up all the renewable natural resources that the planet can replenish for the whole year.

In other words, we have already devoured the resources that can be replenished in just seven months, and each year, that date comes earlier in the year.

According to Global Footprint Network, an international think tank that focuses on sustainability, data collected indicates that humanity demands 64 percent more from nature than the planet can renew.

"We make up for that gap by through overfishing, overharvesting forests and emitting more carbon intoour atmosphere than can be absorbed," notes GFN on its website.

The date is calculated by comparing the demand for resources to nature's ability to supply these resources.

Last year the Earth Overshoot day came on Aug. 13. In 2014, it was Aug. 19. The was Dec. 19, 1987, notes Gizmodo.

According to GFN, 85 percent of the global population lives in countries where natural ecosystems do not support their "Ecological Footprint. And 71 percent live in countries whose ecological deficit is compounded by low-income, adding to the challenge of affording, through trade, those resources that their own ecosystems can’t provide."

Carbon Emissions

According to GFN, carbon emissions from fossil fuel burning is the fastest growing contributor to ecological overshoot and now comprises 60 percent of humanity's "Ecological Footprint."

The report wasn't all doom and gloom. GFN noted that adopted at last year and the , signed in December, offer some hope to the world. However, in order for humanity to adhere to these goals, GNF says it calls for "a new way of living on our planet."

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"If we are to adhere to the Paris climate goals adopted by nearly 200 countries, carbon emissions will need to gradually fall to zero by 2050," GNF notes, adding that more political clout is needed in countries that have not yet signed the agreement.

The institute praised countries like Costa Rica, which has generated 97 percent of its electricity from renewable resources in 2016, along with Portugal, Germany and Britain for their "groundbreaking levels of renewable energy capability this year."

Balance Needed

GFN reminds global citizens that it's not just up to countries to make a difference.

"Balancing how much renewable natural resources we use and how much is generated is paramount for mankind to thrive on our beautiful planet," DFN said. "Each of us has the opportunity to participate. Through the choices we make every day as consumers and as citizens, we are already actively contributing to the world that we will be leaving for future generations."

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At a Glance

Aug. 8 was Earth Overshoot Day. It has come earlier each year.It's when humanity used up all the renewable natural resources that the planet can replenish for the whole year.