A new study suggests that a global Universal Basic Income (UBI) funded by a carbon tax could significantly boost the global economy while addressing environmental concerns.
The research , published in Cell Reports Sustainability , proposes that a global UBI could be funded through carbon taxes, potentially increasing the global GDP by as much as 130%.
This dramatic boost could result from several factors, including increased consumer spending, reduced poverty, and new job creation.The idea is to tax carbon emissions globally, which could generate approximately $2.3 trillion annually.This revenue would be sufficient to provide a basic income for individuals living below […]
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