Living beyond our means

How overconsumption is stealing our future

Being in debt is a heavy burden. Yet every year we continue to rack up our obligations to Mother Earth.

From deforestation to food waste, overfishing, unchecked production and consumption and fossil fuel extraction, we are stripping the Earth for parts, using up our ecological ‘budget’, at ever faster rates.

This year, Earth Overshoot Day—which measures the point where we blew through our budget, taking all that the Earth can replenish within the year—fell on 24 July. This means at our present rate we need 1.75 planets to pay for our lifestyles.

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Using United Nations data, Earth Overshoot Day has been tracking ecological spending habits since 1971, when we were roughly within planetary boundaries. The last half century has been characterized by consumption that is increasingly heedless of future generations.

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Sustainable Development Goal (SDG) 12 aims, by 2030, to achieve the sustainable management and efficient use of natural resources.

One of the best ways is through overhauling the way we produce food.

Nearly a third of the food produced every year is wasted, at staggering cost to the environment, biodiversity, economies and our health. In developing countries this is mostly because of lack of refrigeration in supply chains, and in developed countries it is food that is never consumed. In 2022 households were responsible for 60 percent of food waste—about 631 million tonnes.

Our food system alone illustrates this reckless spending. The food sector accounts for 22 percent of all greenhouse gases, mostly because forests are sacrificed for farmland. Agriculture uses about a third of the world’s arable land. Meanwhile, we waste over 1 billion tonnes of food annually. This waste alone generates 8 to 10 percent of all greenhouse gas emissions.

Indiscriminate ocean trawling is having a similar deadening effect—over one third of fish stocks are exhausted. Much of this is the result of bycatch—the accidental catching and needless loss of other species like sea turtles. Bycatch is pushing species such as sharks to the brink of extinction.

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A scant 8.6 percent of the global economy is ‘circular’, which means the majority of what we produce ends up polluting seas and rivers or generating dangerous emissions in landfills. The textile industry is a major contributor, largely because of fast fashion–clothing only worn a few times before it is discarded. It also plays a significant role in fossil fuel consumption, deforestation and pollution, as well as child labour and trafficking.

The fashion industry is worth US$2.5 trillion. It’s the second largest polluter in the world, after the oil industry.

Thirty percent of all clothes made are never sold, and 57 percent end up in landfills—a truckload dumped or incinerated every second. Less than 1 percent of used clothing is recycled.

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From the depths of the Mariana Trench to the heights of Mount Everest, plastics pollution is everywhere–even in our bodies. Plastics production has surged in the last 50 years and is expected to double by 2050.

Every day the equivalent of 2,000 garbage trucks of plastic is dumped into oceans, rivers and lakes. The ecological and economic effects are vastly damaging.

And recent research shows that of the 400 million tonnes of plastic produced in 2022 just 9.5 percent was made from recycled material.

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E-waste, according to the UN, is rising at rates five times higher than it is recycled.

A record 62 million tonnes of e-waste was produced in 2022, up 82 percent from 2010. That’s enough to fill 1.55 million 40-tonne trucks—enough trucks to encircle the equator. And e-waste is expected to rise to 82 million tonnes in 2030.

Less than one quarter of e-waste mass was recycled in 2022, leaving $62 billion worth of recoverable natural resources unaccounted for. This represents billions of dollars of valuable resources dumped in landfills.

The economics of waste

Subsidies are one of the main reasons we overconsume.

Fossil fuel subsidies are harmful, inefficient and massively wasteful.

The International Energy Agency says in 2023 governments subsidized fossil fuels to the tune of $620 billion. This encourages overconsumption, undermines governments’ efforts to combat economic and environmental challenges, and takes money away from health, education and social protection.

Yet the UN has an evidence-based case that outlines how transitioning away from fossil fuels makes sense for both the environment and the economy. With market forces increasingly lining up behind renewables, we have an opportunity to make clean, affordable energy available to all.

Three people stand next to a large solar panel installation.

Transitioning subsidies from fossil fuels to clean energy can deliver reliable power while advancing climate and economic goals.

Photo:  UNDP Zambia
“Countries that cling to fossil fuels are not protecting their economies – they are sabotaging them.” – António Guterres, UN Secretary-General

The OECD evaluated agricultural policies in 54 countries and found they spent $851 billion on subsidies from 2020 to 2022—two and a half times what they spent 20 years earlier. Nearly 90 percent of these subsidies are damaging in that they distort prices or are harmful to human health or the environment.

The market distortions subsidies create can discourage smaller producers and favour wealthier food producers. And crop subsidies often incentivize monoculture, which robs soils of vital minerals and humans of the full nutrition that food should provide. Ironically, subsidies also contribute to overproduction and waste, leaving us less food secure.

Waste in the fishing industry, encouraged by subsidies, often means overfishing continues even when it doesn’t make economic sense, at great detriment to fish species and ocean health. The fishing industry receives about $35 billion in annual subsidies. About $20 billion promotes increased capacity, which in turn encourages overfishing and inefficiency. Conversely, removing subsidies promotes more profit and greater numbers of fish.

Waste less, have more

None of these challenges exist in isolation, so UNDP takes a comprehensive response with a diverse set of multilateral and bilateral partners.

Our work with governments, academia, the private sector and civil society enables us to leverage financial resources and technical expertise to address the root causes of overconsumption, advancing circular economies focused on waste management and sustainable use of resources. We foster innovation in green industries and highlight the significant harm subsidies cause to human health, biodiversity and climate.

The path to circularity requires both traditional wisdom and modern technology. Through Japan's SDG Innovation Challenge, UNDP has piloted cutting-edge solutions–from satellite technology that detects plastic waste from space, to crafting sustainable leather from unused fish parts.

Ireland supports UNDP’s new Project Office for Sustainable Finance advancing green investment, while Canada's partnership focuses on waste management in Jordan. And the UK's plastic recovery programmes are solving pollution challenges in Pacific Island states. The BIOFIN initiative is working with $1 billion in about 40 countries to repurpose harmful subsidies into nature-positive programmes.

Three people working in a garden, one woman holds a tray of green plants.

Nearly a third of the food produced every year is wasted, at staggering cost to the environment, biodiversity, economies and our health.

Photo:  UNDP Costa Rica

UNDP works with countries to shift towards low carbon, resource efficient and socially inclusive economies that promote sustainable growth without damaging the environment. We support governments developing policies to address the full lifecycle of plastic, phasing out single-use items, reducing primary production and restricting harmful chemicals.

Reform offers a wealth of environmental, economic and social benefits. Waste is not inevitable, and a wasteful path is not pre-ordained. The economics are simple: if we spend the Earth’s resources wisely, we can enjoy its abundance without burdening future generations.

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