Climate Income has official support from 27 Nobel Prize winners, and thousands of economists. Full list here and here.
In the US, a legal bill for Climate Income was proposed in 2019 and several presidential candidates for 2020 have Climate Income on their agenda.
High time for Europe to catch up!
A Climate Income would bring substantial environmental, health, and economic benefits
It would decrease emissions by 50%, create 2.8 million jobs and prevent 230.000 premature deaths from better air quality
IIASA (International Institute for Applied Systems Analysis) (90% of households living below the poverty line would see an income increase.):
90% of households living below the poverty line would see an income increase.
Overall, at least 58% of the population would receive more in Climate Income than their increased spending due to Carbon tax.
"win-win approach for the people and the environment"
Citizens' Climate Lobby Household impact study:
"Gains are concentrated among the most vulnerable within our society: those with lower incomes, the youngest and oldest, and minorities."Inside Climate News:
"In France, massive protests forced President Emmanuel Macron to back down from an environmental fuel tax that would have used all the revenue to reduce the national budget deficit."
"So it's clear that proceeds must be returned to the people in order for a Carbon Tax to be politically viable and popular"Carbonmarketwatch.org:
"Returning money directly to citizens, as is the case in Switzerland and Canada for example, can even reduce inequality by returning more money to the poorest people than what they had initially contributed."