Panorama
 
 
 
 
 

LIVING PLANET ANALYSIS SOWS LOOMING ECOOGICAL CREDIT CRUNCH


Environmental Panorama
International
November of 2008


14 Nov 2008 - New edition of WWF report regarding the state of the planet - Santa Cruz de la Sierra, Bolivia.- According to WWF, the world is heading for an ecological credit crunch as human demands on the world's natural capital reach nearly a third more than earth can sustain.

That is the stark warning contained in the latest edition of WWF’s Living Planet Report, the leading statement of the planet’s health. In addition global natural wealth and diversity continues to decline, and more and more countries are slipping into a state of permanent or seasonal water stress. Water stress occurs when the demand for water is greater that the available quantity during a determined time period or when its use is restricted due to its poor quality.

James Leape, WWF International Director-General stated, “The world is currently struggling with the consequences of over-valuing its financial assets however a more fundamental crisis looms ahead - an ecological credit crunch caused by under-valuing the environmental assets that are the basis of all life and prosperity.”

The report, produced with the Zoological Society of London (ZSL) and the Global Footprint Network (GFN), shows more than three quarters of the world’s people now live in nations that are ecological debtors, where their national consumption has outstripped their country’s biocapacity (the capacity of a given biologically productive area to generate an on-going supply of renewable resources and to absorb its spillover wastes).
“Most of us are propping up our current lifestyles, and our economic growth, by drawing - and increasingly overdrawing - on the ecological capital of other parts of the world,” Mr. Leape said. “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.”

The report, published every two years, has since 1998 become widely accepted as a statement of earth's ability to remain a “living planet”. In 2008, it adds for the first time new measures of global, national and individual water footprint to existing measures of the Ecological Footprint of human demand on natural resources and the Living Planet Index, a measure of the state of nature.

The Living Planet Index, compiled by ZSL, shows a nearly 30 per cent decline since 1970 in nearly 5000 measured populations of 1,686 species. These dramatic losses in our natural wealth are being driven by deforestation and land conversion in the tropics (51% decline in Tropical LPI), as also happens in Bolivia. The Bolivian ecological footprint is generated mainly by land use change for cattle ranching and. Other factors which affect biodiversity are the impact of dams, diversions and climate change on freshwater species (35% decline).

“We are acting ecologically in the same way as financial institutions have been behaving economically - seeking immediate gratification without due regard for the consequences,” said ZSL co-editor Jonathan Loh. “The consequences of a global ecological crisis are even graver than the current economic meltdown.”
Carbon emissions from fossil fuel use and land disturbance are the greatest component of Bolivia’s and humanity’s footprint, underlining the key threat of climate change. The ecological footprint analysis, produced by GFN, shows that while global biocapacity – the area available to produce our resources and capture our emissions – is 2.1 average or “global” hectares per person, the per person footprint is 2.7 global ha. This means that we are using more natural resources than the planet can produce.
“Continued ecological deficit spending will have severe economic consequences,” said GFN Executive Director Dr Mathis Wackernagel. “Resource limitations and ecosystem collapses would trigger massive stagflation with the value of investments plummeting, while food and energy costs skyrocket.”

The USA and China have the largest national footprints, each in total about 21 per cent of global biocapacity, but US citizens each require an average of 9.4 global ha (or nearly 4.5 Planet Earths if the global population had US consumption patterns) while Chinese citizens use on average 2.1 global ha per person (one Planet Earth).

Biocapacity is unevenly distributed, with eight nations – the United States, Brazil, Russia, China, India, Canada, Argentina and Australia - containing more than half the world total. Population and consumption patterns make three of these countries ecological debtors, with footprints greater than their national biocapacity - the United States (footprint 1.8 times national biocapacity), China (2.3 times) and India ( 2.2 times).

This is in contrast with countries such as Bolivia which has the third highest biocapacity per person worldwide (16 ha) and average footprint of only 2.2 ha per person. In other words, our country has a footprint that is 7.3 times smaller than its biocapacity. However, we are still faced with a future of degrading this biocapacity from changes in land use for cattle ranching and agriculture, deforestation and increased demands from a rising population and export pressures. WWF emphasizes that these statistics might give the impression that the situation in Bolivia does not require committed actions on our behalf since we live in a country in which natural resources are still relatively abundant. However, we should reflect on the statistics from countries such as the United States, China and India as alarming lessons learned and so that we do not fall into a rhythm of consumption and degradation that becomes unsustainable in time and risks the wellbeing of future generations.

On the other hand, the new water footprint measures make evident the significance of water utilized as raw material in production. For example, 2,900 liters of water are needed to produce a cotton T-shirt. On average, each person consumes 1.24 million liters (about half an Olympic swimming pool) of water a year, but this varies, for example, from 2.48 million liters per person a year (United States) and 1.2 million liters per person a year in Bolivia).

The water footprint of a country is the total volume of water used globally to produce the goods and services consumed by its inhabitants. It includes water withdrawn from rivers, lakes and aquifers (surface and ground water) that is used in agriculture, cattle ranching, industry, and energy production and for domestic purposes, as well as the water from rainfall that is used to grow crops. The water footprint is analogous to the Ecological Footprint: while the latter calculates the total area of productive space required to produce the goods and services consumed by a given population, the water footprint calculates the volume of water required to produce the same goods and services.

The Living Planet Report concludes that “around 50 countries are currently facing moderate or severe water stress and the number of people suffering from year-round or seasonal water shortages is expected to increase as a result of climate change.”

“These Living Planet measures serve as clear and robust signposts to what needs to be done,” said Mr. Leape. “It is our hope that in years to come we will be reporting increases in the Living Planet Index, an ecological footprint coming down in shoe sizes and water becoming more rather than less available in more places.”

The report suggests some key “sustainability wedges” which if combined could stabilize and reverse the worsening slide into ecological debt and enduring damage to global support systems.

For the single most important challenge – climate change – the report shows that a range of efficiency, renewable and low emissions “wedges” could meet projected energy demands to 2050 with reductions in carbon emissions of 60 to 80 per cent. Incorporating an ecosystemic perspective to consumption, development and trade would mean the long term conservation of necessary resources for survival.

“If humanity has the will, it has the ways to live within the means of the planet, but we must recognize that the ecological credit crunch will require even bolder action than that now being mustered for the financial crisis” Mr. Leape said.
WWF: Phil Dickie, WWF International News Editor

 
 

Source: WWF – World Wildlife Foundation International
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