This is a brief overview of research carried out by CapGlobalCarbon intern Paul Faisant over the summer of 2018, in which he explored the idea of the EU forming a partnership with a group of Asian countries so as to completely eliminate the production and import of fossil fuels on all of their territories, while also reducing poverty and inequality.
A global basic income, funded from commons-based revenue including the revenue from CapGlobalCarbon, could help to heal the divisions that are currently plaguing us. By Caroline Whyte.
Caroline Whyte draws on development theory, recent technological developments and research on inequality to argue that the share in CapGlobalCarbon could and should be distributed to individuals globally. The impact on poverty and inequality worldwide could be massive.
In chapter 13 of his book Credo, Brian Davey points out that public health is an alternative indicator of well-being and is strongly correlated to levels of equality or inequality. Greater equality means greater well-being for everyone and a smaller need for the state – yet inequality has been increasing dramatically.
If a Basic Income is indeed a Good Thing, then new currencies will increasingly seek to build it into their design from the outset. This article by Graham Barnes looks at the rationale for BI and at implications for currencies that incorporate BI as one of their currency issuance mechanisms.
We find the latest IPCC report's emphasis on climate as a "global commons problem" helpful and constructive. However, the economy must break its dependency on GDP growth in order to achieve emissions reduction without economic collapse. Fortunately the potential exists for significant co-benefits from climate mitigation, including poverty alleviation and reduced inequality. Grassroots legal action could help give teeth to the international institutions needed for cooperation.