Basic income can double global GDP while reducing carbon emissions, analysis suggests

 Giving a regular cash payment to the entire world population has the potential to increase global gross domestic product (GDP) by 130%, according to a new analysis published June 7 in the journal Cell Reports Sustainability. Researchers suggest that charging carbon emitters with an emission tax could help fund such basic income programs while reducing environmental degradation. "We are proposing that if we can couple basic income with environmental protection, we can save two birds with one stone," says first author U. Rashid Sumaila of the University of British Columbia in Vancouver. Sumaila has been working on ending harmful fishery subsidies worldwide, but many people who rely on fisheries for their livelihoods, especially those in developing countries, say they...Read more...

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