According to UBC research published in June 2024, providing a basic income could boost global gross domestic product (GDP) by US$ 163 trillion while acting to curb environmental degradation. References Profound Impact of a Universal Basic Income Funded by a Carbon Tax
The researchers noted that there are a number of ways to finance basic income that also reduce environmental degradation, but focussed specifically on carbon taxes given the global push to reduce emissions.
An analysis of 186 countries found that providing basic income, or regular, set payments to all adults in the world, could boost global GDP by about 130 per cent. For every dollar invested, approximately US$4 to $7 of economic impacts could be generated, according to the study published in Cell Reports Sustainability, which the researchers believe is the largest of its kind to date.
(1) https://news.ubc.ca/2024/06/basic-income-stopping-environmental-destruction/
(2) https://ubctoday.ubc.ca/news/june-06-2024/study-finds-basic-income-could-solve-global-poverty-and-stop-environmental
