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Utilizing basic income to create a sustainable, poverty-free tomorrow

  • U. Rashid Sumaila
  • , Colette C.C. Wabnitz
  • , Louise S.L. Teh
  • , Lydia C.L. Teh
  • , Vicky W.Y. Lam
  • , Haske Sumaila
  • , William W.L. Cheung
  • , Ibrahim Issifu
  • , Kristen Hopewell
  • , Joshua E. Cinner
  • , Nathan J. Bennett
  • , Carl Folke
  • , Sumeet Gulati
  • , Stephen Polasky

Research output: Contribution to journal › Article › peer-review

Abstract

The coronavirus disease 2019 (COVID-19) pandemic of 2020 was a reminder of society's vulnerability in the face of natural upheavals, leading to widespread unemployment and increased poverty. Simultaneously, human activities have precipitated large-scale environmental degradation and catastrophic climate change. Here, we conduct a global-scale, 186-country analysis examining the potential impact of basic income (BI) as a two-pronged solution to both sustainability and social resilience. We reveal BI's potential to bolster economies, particularly in times of crisis. To lower the huge barrier imposed by implementation costs, we suggest a diverse array of strategies aimed at financing BI, strategically designed to concurrently alleviate economic insecurity while fostering nature conservation. We suggest that BI implementation is feasible and could be a potent tool in addressing the twin challenges of decreasing worldwide poverty while reducing environmental degradation—a nexus that arguably constitutes the paramount global challenge of our times.

Original languageEnglish (US)
Article number100104
JournalCell Reports Sustainability
Volume1
Issue number6
DOIs
StatePublished - Jun 28 2024

Bibliographical note

Publisher Copyright:
© 2024

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 1 - No Poverty
    SDG 1 No Poverty
  2. SDG 8 - Decent Work and Economic Growth
    SDG 8 Decent Work and Economic Growth
  3. SDG 10 - Reduced Inequalities
    SDG 10 Reduced Inequalities
  4. SDG 13 - Climate Action
    SDG 13 Climate Action
  5. SDG 15 - Life on Land
    SDG 15 Life on Land

Keywords

  • basic income
  • climate change impacts
  • economic impact
  • economic inequality
  • environmental and economic shocks
  • environmental degradation
  • global
  • poverty alleviation
  • societal vulnerabilities
  • sustainable development

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