An objects kinetic energy increases as its velocity increases?

Because kinetic energy is proportional to the velocity squared, increases in velocity will have an exponentially greater effect on translation kinetic energy. Doubling the mass of an object will only double its kinetic energy, but doubling the velocity of the object will quadruple its velocity.

the earth would become to overheated and everything alive on it will eventually die from overheating. plants will eventually die as well, water will evaporate, and it will be nothing but a hot planet without anything living on it.