DICE Model (Dynamic Integrated Climate-Economy Model)

The DICE Model (Dynamic Integrated Climate-Economy Model) is a tool that combines economic and climate systems to analyze how human actions—like emissions from burning fossil fuels—affect future climate change and the economy. It helps policymakers understand the trade-offs between reducing emissions now versus later, considering costs, benefits, and the potential impacts on global income and well-being over time. Essentially, it provides a framework to find the best balance between economic growth and climate protection for the long-term good of society.