Universal Basic Income Could Double World's GDP And Slash Emissions

What if we could keep everyone out of poverty while also tackling the climate crisis? It sounds too good to be true, but it could be possible with aThe new research, led by a team from the University of British Columbia in Canada, shows UBI could not only improve living standards but also boost globalThe downside of UBI is that it costs an awful lot.

Worldwide basic income would lead to a boost in global GDP of US$163 trillion or 130 percent, the researchers estimate. To put it another way, every dollar spent on UBI generates up to seven dollars in economic impact, as that money gets spent on food, rent, and other goods.has linked similar schemes with environmental benefits too.

Another potential benefit of UBI would be making communities more resilient. When a crisis comes – be it a natural disaster or a"To lower the huge barrier imposed by implementation costs, we suggest a diverse array of strategies aimed at financing basic income," the authors "We suggest that basic income implementation is feasible and could be a potent tool in addressing the twin challenges of decreasing worldwide poverty while reducing environmental degradation."

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