Ariffin, Muhammad Irwan (2026) Bridging Quranic guidance and public economics for climate solutions. In: Islamic Finance, Energy Transition and Sustainability. Energy Transition, Carbon Neutrality, and Sustainability, 4 . World Scientific Publishing Co. Pte. Ltd, Singapore, pp. 33-64. ISBN 978-981-98-2199-0
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Abstract
This chapter explores integrating Islamic principles with economic tools to address climate change, offering strategies for sustainable development and resource management. Motivated by the need to put the Islamic Declaration on Global Climate Change (IDGCC) into practice, this chapter expands the discourse on Islamic environmentalism by linking it with contemporary public economics. The research leverages Quranic concepts of khalifah (stewardship), mizan (balance), and wasatiyyah (moderation), alongside public economic principles of externalities, efficiency, and social welfare. These concepts and tools are evaluated for their potential to mobilize resources for renewable energy, conservation, and adaptation, addressing environmental sustainability and socio-economic equity. The study employs a mixed-methods approach combining Islamic scholarship and public economics. It includes an analysis of Quranic verses and Prophetic traditions to extract applicable principles, reviewing classical interpretations using the al-tafsir bi al-ma’thur method, and comparing these themes with public economic principles, including case studies on energy pricing and carbon taxes. Policy recommendations include utilizing Islamic principles to improve the designs of carbon taxes and energy pricing mechanisms that are equitable, discourage waste and promote renewable energy. By bridging guidance from Islamic revelation and modern economics, this study contributes to an integrated approach to climate action, enhancing the relevance and impact of the IDGCC.
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