Climate change, economics and Buddhism - Part 2: New views and practices for sustainable world economies

The evidence of impending and serious climate and other consequences of an expanding world economy based on fossil carbon energy continues to accumulate. This two-part paper examines the potential contribution of the world view and insights of Buddhism to this search. It presents both a conceptual and practical case that Buddhism can help shape and move towards an alternative and effective paradigmatic basis for sustainable economies - one capable of bringing about and maintaining genuine, high welfare levels across the world's societies.The first paper outlined a comprehensive analytical framework to identify the fundamental nature of anthropogenic climate change. Based on the integration of two of the most influential environmental analysis tools of recent decades (the DPSIR model and IPAT equation), the framework was then broadened to facilitate ideas from the Buddhist world view by injecting two key missing aspects - the interrelated role of (1) beliefs and values (on goals and behavior) and (2) the nature of well-being or human happiness. Finally, the principal linkages between this climate change analysis framework and Buddhism were explored.In this concluding paper, the systems framework is used to demonstrate how Buddhist and related world views can feed into appropriate and effective responses to the impending challenges of climate change. This is undertaken by systematically presenting a specific, if indicative, list of relevant strategies informed by the understanding of interconnectedness and other basic principles about the nature of reality and human well-being as proposed in Buddhism.