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In this Oct. 30, 2014 photo, cracked earth is seen at the almost empty Itaim dam, which is responsible for providing water to the Itu metropolitan area in Itu, Brazil. (AP Photo/Andre Penner)

Happy Earth Overshoot Day! We just used up Earth's natural resource budget for 2016

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What's that? You've never celebrated Earth Overshoot Day? Well, it's not exactly a happy occasion.

It's the day when humans use more of Earth's natural resources in a calendar year than the planet can renew in a year.

In other words, it's the day humans completely drain Earth's natural-resource spending account and start dipping into savings again. 

This year, it happened yesterday, the earliest mark in history, National Geographic reports.

It would take 1.6 Earths to support humans' resource consumption.

Earth Overshoot Day 2016 is on August 8

There are still 145 days left in the year. So if the Global Footprint Network's numbers are correct, this is a pretty significant dip into the planet's resource bank. 

Here's an animated comic that breaks it down.

Here's another look at how much this means from the World Wildlife Fund.

How nervous are you about overusing natural resources?

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