Humanity has just hit a milestone that no one wanted it to hit this early: Earth Overshoot Day — and it’s only August.

Never heard of Earth Overshoot Day? It’s when humanity consumes all the resources that Earth can produce in a year, meaning that we are far ahead of the sustainable rate for our planet with much of the year left to go, according to a Christian Science Monitor report.

The milestone was breached on Thursday, and the fact that we hit it this early has some major implications for the human race as the resources of the Earth get consumed and we emit more carbon dioxide, resulting in climate change and other huge harms to our environment that will affect us down the road, scientists from the think tank Global Footprint Network are warning. GFN is behind this particular research.

Scientists say deforestation, drought, soil erosion, biodiversity loss, and a lack of fresh water are all a part of this depletion. This overshoot is pushing the Earth into the “red zone,” as each year we overspend in terms of resources, we put ourselves closer to irreversible problems, according to the report.

Earth Overshoot Day was created to alert people to the need for greener solutions to keep natural resources from decrease to a level that would be dangerous for the human race and could have permanent effects. Because our population eats up a total of 1.6 Earths worth of resources, that ecological bank account is being depleted quickly. And we’ve been overshooting the mark since the early 1970s — and that gap is only getting wider.