By Sam Pollan, ‘14 Environmental policy in the United States is in a precarious position. While urgent action is recognized as necessary, it has not yet been institutionalized. One of the main conflicts in policy making is the epic battle between the economy and the environment. A federal policy that is expensive, even if it is likely to produce the highest reduction in emissions, will never be implemented as a US policy. The current contenders for possible policies are market based solutions. Robert Stavins, in his article “A Golden Opportunity to Please Conservatives and Liberals Alike,” mentions four policies with almost identical yields in reductions. These policies range from absolute regulation, the most costly, to cap-and-trade systems, which are up to 90 percent cheaper. Market based approaches (i.e. cap-and-trade) provide economic incentives … Read entire article »