Environmental Issues Likely To Heat Up In 2009, Say Kellogg Policy Experts

The incoming Obama administration will list combating climate change high on its policy agenda when it takes office, although the policy that is most likely to result might take an entire presidential term to implement fully, according to two Kellogg School faculty members who focus on environmental policy and its economic impacts. Associate Professor Ben Jones sees a cap-and-trade system for carbon, in which a fixed number of permits to issue carbon emissions are traded on the open market like a stock, as the most likely scenario for working to limit global warming.