Ecological Deficit

If all people were to have the standard of living enjoyed by OECD nations, than the Earth would have been full around the 1970s according to the Global Footprint Network calculations. The news media are full of items about the economic deficits that many countries build up in order to become rich (credit-based material wealth) but the rich countries also depend on ecological deficits whereby other countries supply them with the resources they need to maintain their level of wealth. This newsletter from the Global Footprint Network has a vivid world map that shows which countries are in ecological deficit and which enjoy a surplus of resources that they export to the nations in ecological deficit. In this extract from the GFN newsletter (12.03.15) Mathis Wackernagel, the GFN founder stresses the importance of the Global Footprint metric:

“In addition to recognizing the importance of indicators like GDP, unemployment or inflation, we look forward to the day when national decision-makers around the world also track their resource dependence. I hope they recognize that natural resources are a fundamental asset for any economy. They should be measured and managed wisely,” says Global Footprint Network President Mathis Wackernagel. “We believe it is not only critical but also possible to live within the means of nature. It can be achieved without sacrificing current human well-being.”

“This is a particularly important year for looking more closely at the planet’s resource budget, first in September with the new Sustainable Development Goals and then in December in Paris for the climate talks,” Wackernagel adds. “What is becoming clear is that living within nature’s budget is vital for each and every nation’s economic strength and the well-being of its citizens. Working with, rather than against, nature’s budget is not only important for our planet as a whole but also for the health and resilience of each individual nation.”

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