Study finds basic income could solve global poverty and stop environmental destruction

June 7, 2024

According to UBC research, providing a basic income could boost global gross domestic product (GDP) by US$ 163 trillion while acting to curb environmental degradation.

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 today in Cell Reports Sustainability, which the researchers believe is the largest of its kind to date.

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