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    If we all Consumed Resources Like Denmark and Finland

    Stockholm (NordSIP) – This week marked “country overshoot day” for Denmark (March 28th) and Finland (March 31st), according to estimate published by the Global Footprint Network (GFN) at the start of 2023.

    Every year, the GFN publishes its earth overshoot day, an estimate of the day when humanity’s demand for ecological resources and services has already exceeded what planet Earth was expected to be able to regenerate during 2022. The date of Earth Overshoot Day is calculated each year by the GFN, using National Footprint and Biocapacity Accounts data, based on approximately 15,000 data points per country per year, for over 200 countries, territories, and regions from 1961 to the present.

    A country’s overshoot day is the date on which Earth Overshoot Day would fall if all of humanity consumed like the people in that country.

     

    Earth Overshoot Day, will fall on the July 27th, a day earlier than last year, when it occurred two days earlier than in 2021according to the GFN. The dates for Denmark’s and Finland’s country overshoot days come on the same date as in 2022, suggesting that while conditions have not worse they have also not improved.

    Denmark’s and Finland’s Earth Overshoot Day makes them the 8th and 9th earliest country to mark this sad occasion. According to the GFN, it would take four earths to sustain humanity if everyone on the planet lived like the two Nordic countries.

    Next week will mark country overshoot day for Sweden, which will be followed the week after by Norway’s.

    Images courtesy of Arek Socha from Pixabay and GFN
    Filipe Albuquerque
    Filipe Albuquerque
    Filipe is an economist with 8 years of experience in macroeconomic and financial analysis for the Economist Intelligence Unit, the UN World Institute for Development Economic Research, the Stockholm School of Economics and the School of Oriental and African Studies. Filipe holds a MSc in European Political Economy from the LSE and a MSc in Economics from the University of London, where he currently is a PhD candidate.
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