I cannot understate the quality of this work, which comes with a goldmine of data (hundreds of Excel sheets showing country-year-percentile incomes, sectoral production, work hours, emissions, land use...), allowing e.g. to check your income future in SC:
adrien-fabre.com/global_justi...
Adrien Fabre
- no reliance on unproven negative emissions technology
- massive reforestation, permitted by:
- massive reduction in beef/dairy consumption
- a reduction in material goods, and a steady increase in immaterial sectors, in particular health and education
🤩 Mon premier passage à la radio !
ERRATUM: contrairement à ce que j'ai dit à l'antenne, c'est à partir de 4000€/mois après impôts que le revenu baisserait dans le scénario (pas 2500-3000€/mois). Ce que j'ai oublié de dire : www.linkedin.com/feed/update/...
www.radiofrance.fr/francecultur...
- national policies to reduce inequality, with <15% worse-off in each country
- a bancor/ICU system with penalties for large trade imbalances
- 1% of world GDP per year issued in "UN Currency", allocated to countries in proportion to population: half as reserves, half for green sovereign bonds
📢Folks, this is the BEST REPORT I'VE EVER READ!
For the first time, researchers propose a sustainable scenario for the future.
I think all governments and political parties should endorse (or at least study) it.
A 🧵⬇️
globaljusticeproject.wid.world
The report shows that Sustainable Convergence is possible, but that it requires:
- a reduction in working hours to contain global warming
- a massive wealth transfer at global level (~5% of world GDP transferred every year for decades both within and between countries)
How? The authors expand on @PikettyWIL's "Brief history of equality" & propose:
- a progressive global income tax on the top 1%
- a progressive capital income tax on the top 1%
funding:
- investments in global public goods
- transfers to countries in proportion to population
...
Of course, there are limitations:
- no explicit modelling of the age structure nor of behavioral responses
- no detailed CGE or energy modelling e.g. of foregone fossil revenue for exporting countries
- a hasty welfare analysis (for the leisure/conso comparison)
BUT...
Discover the Sustainable Convergence scenario.
In 2100, it achieves:
🌏+1.8°C global warming
⚧️ gender equality in economic and domestic work
🕖21h workweek + 21h domestic work
💵GDP of $60,000 per capita in *every* country
⚖️ highest income just 5 times the lowest income
The Sustainable Convergence (SC) scenario makes choices regarding the trade-offs between consumption, leisure, global warming, equality, etc.
Variants are possible, which would still meet the overarching goals.
You can explore variants/trade-offs here:
adrien-fabre.com/global_justi...
