1 August 2024 is Earth Overshoot Day. The date when humanity’s demand on nature’s resources surpasses Earth’s capacity to regenerate them for that given year. We are currently using nature 1.7 times faster than our planet’s ecosystems can regenerate. That means as of today, we have used up all our resources for the year and are now in overuse. The consequences of ecological overspending are evident in deforestation, soil erosion, biodiversity loss and buildup of carbon dioxide in the atmosphere.