A conservation basic income (CBI) should be awarded to those living in fragile forests and regions of biodiversity, a new study says. Researchers believe it would incentivise communities to halt activity that causes environmental degradation.
We all know that money makes the world go round. Well, kind of.
We depend on it for survival, and as a result, we’re constantly looking for ways to make our next dollar, pound, euro, yen and so on. It’s kind of gross, but hey. That’s capitalism.
In pursuit of cash, many of the world’s richest citizens have accumulated wealth through activities that have caused serious detriment our natural world. But what if we flipped the script and started paying people to protect nature?
Novel financial agreements called debt-for-nature swaps have already started allowing countries rich in biodiversity (usually developing nations) to reduce their national debts by creating laws that better protect their local environment.
Now, a new study has suggested that a conservation basic income (CBI) of €5 per day should be paid to individuals who live in places that are home to endangered species and rich in biodiversity.
How would this work?