'An equal and habitable world is possible' Vision for planetary survival

10 hours ago

The report from the World Inequality Lab outlines a vision for raising living standards, reducing inequality, and limiting global heating to below 2°C.
Key proposals include hefty wealth taxes on billionaires, halving average working hours to about 1,000 hours/year, shifting diets away from red meat, and reallocating investments from material-intensive sectors to education and health.
If implemented, the plan could double incomes for 89% of the global population by 2100 and lower global temperature rise to 1.8°C, avoiding catastrophic scenarios.
A central concept is 'sufficiency'—prosperous living without excessive consumption—supported by structural shifts like increasing education and healthcare spending to 38% of global GDP.
Addressing inequality is critical, with billionaires' wealth share dropping from 6% to 0.05% and the bottom 50%'s share rising from 2% to 30%, alongside a global justice fund for financing transitions.
The authors argue this vision is technically feasible and requires political will and coalition-building, contrasting with far-right or extractivist ideologies that exacerbate climate and social crises.

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