In fact, researchers from Global Footprint Network and Schneider Electric estimated that if all existing building, industry and datacentre infrastructure adopted current off-the-shelf, commercial technologies for buildings, industrial processes and electricity production, Earth Overshoot Day could move back at least 21 days, without any loss in productivity or comfort.
Unlike numerous other days we set aside each year to mark a special occasion, Earth Overshoot Day - this year falling on today's date (1 August) - is a time when humanity should take a long, hard look at itself.
In order to determine the date of an Earth overshoot day the Global Footprint Network, an worldwide think tank, calculates the number of days that Earth's biocapacity - the ability to renew what people use - can support humanity's ecological footprint.
Worryingly, 1 August marks the earliest Earth Overshoot Day ever since records began. At the rate in which we deplete our ecological resources, it won't be long before our planet's reserves are gone.
One of the main natural resources being depleted is water.
According to Global Footprint Network, there are key points to stop overusing the earth's natural resources. According to the report, it takes 14 times as much land to produce a ton of beef as it takes to produce a ton of grain.
"These are consequences of busting the ecological budget of our one and only planet".
They include reducing driving in cities, replacing auto trips with public transport, walking and biking, cutting carbon from energy production, reducing food waste by half, making diets more sustainable, and reducing the number of children families have. The EF per person in China also fell by 0.8 percent.
Carbon levels, which rise due to human activities like fossil fuel burning and deforestation, make up 60% of the ecological footprint. The calculations are based on United Nation data sets from 1961 to 2014 as well as recent scientific research.
In the United States, fire seasons in California have been getting progressively worse, largely due to climate change and droughts.