World facing ecological "credit crunch"

The Living Planet Report produced by WWF, the Zoological Society of London and the Global Footprint Network warns that the world is headed for an ecological "credit crunch”. We are living beyond what the earth can sustain, making us "ecological debtors". Up to $4.5 trillion worth of resources are destroyed forever each year. World’s future prosperity, is in danger with clear cut impacts on costs for food, water and energy. United States and China leaves the biggest impact. They account for nearly some 40% of the global footprint. Per person United Arab Emirates have the largest ecological footprint, While Malawi and Afghanistan have the smallest. According to WWF International if our demands on the planet continue to increase at the same rate, by the mid-2030s we would need the equivalent of two planets to maintain our lifestyles. It is high time we gave serious thought to our profligate ways. Right now we are embroiled in economic meltdown and in the process tend to forget the grave danger posed by ecological "credit crunch". The report is a timely reminder.