Abstract

This chapter describes an Integrated Assessment Model (IAM) that includes the Dynamic Integrated Climate Economy (DICE) model developed by William Nordhaus in order to analyze the influence of different emission policies and calculate the social cost of carbon. The predictions may serve as a base for politicians, economists, and religious leaders to make long-term decisions based on sound environmental-economic reasons.I also address climate change from a Christian perspective by elaborating on the works of historical figures such as Thomas Aquinas to current figures such as Reinhold Niebuhr, Pope Francis, Sallie McFague, Paul Santmire, Larry Rasmussen, and Cynthia Moe-Lobeda. I will show that the consequences of global warming as well as the mitigation of climate change produce disproportionate impacts. In order to face global warming, structural greed behind the environmental-economic mechanisms need to be addressed by values such as respect for life and kindness towards others on a global level.KeywordsEconomic justiceIntegrated Assessment Model (IAM)Dynamic Integrated Climate Economy (DICE)Climate changeCarbonChristianityThomas AquinasPope Francis Global warmingRespect for lifeKindness

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call