- The planet is running out of resources, HSBC warned in a new note.
- Earth Overshoot Day — the point in a year at which our demand for natural resources exceeds what the planet can renew — occurred on August 1, just seven months into 2018.
- HSBC said companies and governments are not “adequately prepared” for climate effects.
One of the world’s largest banks says the planet is running out of resources and warns that neither governments nor companies are prepared for climate change.
The world spent its entire natural resource budget for the year by August 1, a group of analysts at HSBC said in a note that cited research from the Global Footprint Network (GFN).
That means that the…
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