The Return of Indulgences

Tuesday, September 25, 2007
You may have heard this line before, “As soon as the coin in the coffer rings, a soul from purgatory springs.” The quote was attributed to Johann Tetzel, a German Dominican Friar, in charge of collecting indulgences in 16th Century Germany.

However, it’s not Roman Catholics who have embraced a re-run of indulgences, but the new gurus of carbon-offsetting at the Evangelical Climate Initiative. Iain Murray of the Competitive Enterprise Institute, takes issue with ECI’s latest venture into indulgence - carbon offsets in his piece for the American Spectator titled, A Pardoner’s Tale. Murray sarcastically notes, “You can atone for your carbon sins by buying carbon offsets from the Evangelical Climate Initiative.” Murray also says:
Not to worry. ECI tells us that “The average American is responsible for about 23 tons of CO2 pollution.” And it just so happens that $99 (Not $78 or $103.54? How did it just happen to come to a price right under the $100 threshold past which consumers are much less likely to purchase?) is just enough to offset 23 tons of CO2 per year.

Murray also highlights the new found free market spirit of ECI, but also calls the faithful to their reformation roots, declaring:
One last concern: Where’s the Good Housekeeping seal of approval on ECI’s moneymaking site? Or the Better Business Bureau logo? Or the link to information about how the Securities and Exchange Commission regulates the carbon offsets and carbon trading businesses to make sure there’s no monkey business going on? They’re not there, because -- well, because there is no regulation of this business. Apparently the ECI has finally found a tiny bit of the free market that it doesn’t want to strangle with regulation. One wonders, though, what happened to the ECI’s strong suspicion of sin in every branch of the corporate world. Or is the carbon offset industry impeccable?
It appears to me that this particular branch of evangelical theology is in dire need of a reformation. When it comes to the sin of carbon emission, perhaps carbon-using Christians should remember the words of Martin Luther’s Letter to Melanchthon: ‘Be a sinner and sin strongly, but more strongly have faith and rejoice in Christ.’

(Powerblogger Kevin Schmiesing pointed out the indulgent nature of carbon offsets in a post last February.)

On the campaign trail just recently, John Edwards called for Americans to give up their SUVs, and then was seen leaving the rally in none other than a sports utility vehicle. But not to worry an Edwards spokesmen said, “We buy carbon-offsets for the vehicle.”

It seems as if individuals and families were serious about altering their carbon footprint, they would curb their energy use instead of purchasing an indulgence for their guilt. It seems to resemble a fad or a trendy phase by guilt-ridden polluters. I wonder if I have to purchase a carbon offset for those parachute pants I once owned in kindergarten?

However, with the rising free and unregulated market of carbon-offsets, it will be interesting to see what other offsets emerge in the marketplace, and whether this will trickle down to the health, food, and tobacco industries. Entrepreneurs who miss out on this exploding market, may be feeling a bit of guilt and remorse as well.
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What Would Jesus Drive? - Jay W. Richards in NRO

Tuesday, September 25, 2007
Jay W. Richards of the Acton Institute, has a commentary today in the National Review Online titled, What Would Jesus Drive?: Electrified Evangelical theological confusion. Richards notes in his article, “With respect to the environment, the theological principles are uncontroversial: human beings, as image bearers of God, are placed as stewards over the created order.”

He asks four separate questions, which he calls “tough.”
(1) Is the planet warming?

(2) If the planet is warming, is human activity (like CO2 emissions) causing it?

(3) If the planet is warming, is it bad overall?

(4) If the planet is warming, we’re causing it, and it’s bad, would the policies commonly advocated (e.g., the Kyoto Protocol, legislative restrictions on CO2 emissions) make any difference and, if so, would their cost exceed their benefit?

Furthermore, he offers a tough critique of the defenders of the Evangelical Climate Initiative:
The problem with the chief defenders of the Evangelical Climate Initiative is that they haven’t thought through these four questions, at least not publicly. What they have done is label their position as the authentically Evangelical one. Other Evangelicals need to call them on this tactic, exposing the false dilemma for the piece of cheap rhetoric it is.

Be sure to read the entire commentary, it is a helpful analysis on the climate debate, as well as a good look at the political strategy of the Evangelical left and their allies, the Democratic Party.
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Quran, Money Lending, and Economic Growth

Tuesday, September 25, 2007
Samuel Gregg, director of research at the Acton Institute, has a piece in today’s Detroit News titled, “Will Quran limit growth of Muslim nations?” The commentary addresses the economic outlook of Muslims, and Islamic nations, considering their religious position against the charging of interest. Gregg notes:
Given the Arab world’s increasing religiosity, however, one potential obstacle could significantly handicap these nations’ financial creativity and economic diversification policies: Islam’s prohibition of interest-charging.

Gregg also briefly examines how Christians settled the moral dilemma regarding interest:
Christianity once had a usury issue. Christianity began resolving this matter in the medieval period. Scholastic theologians established that, under certain conditions (such as free exchange economies), money was not simply a means of exchange, but also “capital”: that is, a productive good whose owners could legitimately charge others for its use. Not all interest-charging, the scholastics concluded, constituted usury.
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