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.

The research team estimated that it would cost $41 trillion to provide the entire world population of 7.7 billion people with a basic income, or $442 billion to fund only 9.9 million people living below the poverty line in less developed countries. In return, giving basic income to the entire world population could boost the global GDP by $163 trillion, which is about 130% of the current GDP.

Read published study here – https://www.cell.com/cell-reports-sustainability/fulltext/S2949-7906(24)00164-2