DICE (Dynamic Integrated Climate-Economy)

DICE, which stands for Dynamic Integrated Climate-Economy, is a model used to analyze the relationship between the economy and climate change. It combines economic growth, resource use, and environmental impacts to help policymakers understand how different choices affect both the economy and the climate over time. By simulating various scenarios, DICE helps estimate the costs of climate change and the benefits of reducing greenhouse gas emissions, guiding decisions on policies like carbon taxes and investment in renewable energy. Essentially, it aims to find a balance between economic development and environmental sustainability.