A friend at church asked me how I would describe New Covenant Theology. Below is my reply.

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Regarding your question about the characteristics of New Covenant Theology.
 
I would describe New Covenant Theology in terms of ‘flavour’ and ‘distinctives’.
 
1. Flavour
 
You are familiar with the flavour.  It is the same flavour of Christ Community Church [NB: Church we both attend]. That is, seeing the totality of God’s redemptive program culminating in the person and work of Jesus Christ and living daily in the joy and grace of that reality.  For the most part, when I think of NCT, I think of people, churches, and theology that use the entire Bible to help us “look unto Jesus”, “preach nothing but Christ and Him crucified” and display Christ’s work through “Moses and all the Prophets”. (Heb 12:2, 1 Cor 2:2, Luke 24:13-27).  NCT is centred upon the glory of God in the face of Jesus Christ.
 
This article describes NCT with an emphasis upon that ‘flavour’: 
http://solochristo.com/theology/nct/MurrayMcLellan_GloryofGodinFaceofJesus.html

2. DistinctivesThe distinctives, like Covenant Theology & Dispensationalism, have some variance among the NCT individuals.  However, I believe this article summarises the key distinctives well:

http://solochristo.com/theology/nct/GaryLong_NewCovenantTheologyDistinctives.html

Your brother in Christ, Our Covenant-Shane.

“I am the LORD; I have called you in righteousness;
I will take you by the hand and keep you;
I will give you as a covenant for the people,
a light for the nations” Isaiah 42:6

“Thus says the LORD:
‘In a time of favor I have answered you;
in a day of salvation I have helped you;
I will keep you and give you
as a covenant to the people,
to establish the land,
to apportion the desolate heritages,’ ” Isaiah 49:8