According to a report in 2016 nature resource budget has been finished

Paris (AFP) - In just over seven months, humanity hasused up a full year's allotment of natural resources such as water, food andclean air -- the quickest rate yet, according to a new report.

The point of "overshoot" will officially bereached on Monday, said environmental group Global Footprint Network -- fivedays earlier than last year.

"We continue to grow our ecological debt,"said Pascal Canfin of green group WWF, reacting to the annual update.

"From Monday August 8, we will be living oncredit because in eight months we would have consumed the natural capital thatour planet can renew in a year."

The gloomy milestone is marked every year on what isknown as Earth Overshoot Day.

In 1993, the day fell on October 21, in 2003 onSeptember 22 and last year on August 13.

In 1961, according to the network, humankind used onlyabout three-quarters of Earth's annual resource allotment. By the 1970s, economicand population growth sent Earth into annual overshoot.

"This is possible because we emit more carbondioxide into the atmosphere than our oceans and forests can absorb, and wedeplete fisheries and harvest forests more quickly than they can reproduce andregrow," the network said in a statement.

To calculatethe date for Earth Overshoot Day, the group crunches UN data on thousands ofeconomic sectors such as fisheries, forestry, transport and energy production.

Earth-warming greenhouse gas emissions, it said, arenow the fastest-growing contributor to ecological overshoot, making up 60percent of humanity's demands on nature .

According to the UN, the number of people on Earth isforecast to grow from 7.3 billion today to 11.2 billion by the end of thecentury -- piling further pressure on our planet and its finite resources.