As if the turmoil on financial markets around the world wasn't bad enough - with the attendant upheaval for the economies of most countries globe-wide - now BBC News reports on a warning that the world is confronted by what is described by the authors of a report, released today, as an ecological "credit crunch":
"The planet is headed for an ecological "credit crunch", according to a report issued by conservation groups.
The document contends that our demands on natural resources overreach what the Earth can sustain by almost a third.
The Living Planet Report is the work of WWF, the Zoological Society of London and the Global Footprint Network.
It says that more than three quarters of the world's population lives in countries where consumption levels are outstripping environmental renewal.
This makes them "ecological debtors", meaning that they are drawing - and often overdrawing - on the agricultural land, forests, seas and resources of other countries to sustain them.
The report concludes that the reckless consumption of "natural capital" is endangering the world's future prosperity, with clear economic impacts including high costs for food, water and energy.
Dr Dan Barlow, head of policy at the conservation group's Scotland arm, added: "While the media headlines continue to be dominated by the economic turmoil, the world is hurtling further into an ecological credit crunch."
The countries with the biggest impact on the planet are the US and China, together accounting for some 40% of the global footprint.
The report shows the US and United Arab Emirates have the largest ecological footprint per person, while Malawi and Afghanistan have the smallest."
"The planet is headed for an ecological "credit crunch", according to a report issued by conservation groups.
The document contends that our demands on natural resources overreach what the Earth can sustain by almost a third.
The Living Planet Report is the work of WWF, the Zoological Society of London and the Global Footprint Network.
It says that more than three quarters of the world's population lives in countries where consumption levels are outstripping environmental renewal.
This makes them "ecological debtors", meaning that they are drawing - and often overdrawing - on the agricultural land, forests, seas and resources of other countries to sustain them.
The report concludes that the reckless consumption of "natural capital" is endangering the world's future prosperity, with clear economic impacts including high costs for food, water and energy.
Dr Dan Barlow, head of policy at the conservation group's Scotland arm, added: "While the media headlines continue to be dominated by the economic turmoil, the world is hurtling further into an ecological credit crunch."
The countries with the biggest impact on the planet are the US and China, together accounting for some 40% of the global footprint.
The report shows the US and United Arab Emirates have the largest ecological footprint per person, while Malawi and Afghanistan have the smallest."
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