From now on, we are living our future

By: Trademagazin Date: 2024. 05. 24. 10:01

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Hungary’s overconsumption day falls on May 25, and with this not very flattering ranking, it overtakes countries such as Switzerland or the United Kingdom. The Earth as a whole will reach the point alarmingly early this year, already on July 25, from which the population of our planet will already use up its own natural resources.

Economists have long been concerned with how to show the real costs of various human activities. It is increasingly clear that the burden of environmentally damaging activities must also be included in the costs. This question also concerned Andrew Simms, professor of economics at the University of Sussex, who created the mathematical formula that can be used to calculate how many days the Earth and the population of each country use more natural resources than nature itself can regenerate. can.