‘An equal and habitable world is possible’: academics set out sweeping vision for planetary survival

Humanity can raise living standards, reduce inequality and keep global heating within a 2C rise, according to a sweeping vision for planetary survival. The new report by the World Inequality Lab (WIL) aims to be the most comprehensive attempt yet to navigate the polycrisis that is pushing the world toward climate breakdown, political extremism and ever greater economic and social tension. A drone view shows the stark inequality between neighbourhoods in Santa Fe, Mexico City Photograph: Raquel Cunha/Reuters It offers a set of bold policy proposals, including hefty wealth taxes on billionaires, sharp reductions in working hours, a change in diets and a shift of investment from materially intense sectors like industry and mining to education and health. If these and other measures are taken, the report says 89% of the world population would see their incomes double by 2100 and global heating would be kept below 2C above the preindustrial average. Chart The authors say their vision provides a positive alternative to the grim projections from far-right techno extractivists, nationalists and billionaires who claim the future will inevitably bring more fossil fuels, climate disruption and inequality. “There’s a huge cultural, intellectual, political battle that is going on. And we all have a role to play,” said Thomas Piketty, co-director of the WIL and professor at the Paris School of Economics. Economics professor Thomas Piketty says Trump-style policies will end in disaster. …