Climate science and climate policy are distinct issues, but they are often run together under the tacit assumption that particular policy responses are mandated by scientific conclusions. Specifically, it is widely assumed that regulatory controls on greenhouse gas emissions are the only appropriate policy response to large-scale man-made global warming. But the existence of an anthropogenic contribution to global warming does not, in itself, recommend (let alone mandate) a set policy response. Appropriate policies depend as much on one’s view of the nature and proper of functions of government as on one’s view of likely climatological outcomes. The goal of this panel presentation is to explore alternatives policy prescriptions flowing out of free market approaches to environmental issues. The panel will be moderated by SLS’s Professor Michael Wara. Jonathan H. Adler is the Johan Verheij Memorial Professor of Law and Director of the Center for Business Law and Regulation at the Case Western Reserve University School of Law. He teaches courses in environmental, administrative, and constitutional law and has written extensively on environmental law and policy. Dr. Keith Lockitch, who holds a PhD in theoretical physics from the University of Wisconsin, Milwaukee, is a fellow of the Ayn Rand Institute. He speaks frequently on science and environmental policy, and his writings have appeared in such publications as the Washington Times, Orange County Register, San Francisco Chronicle and the science policy journal Energy and Environment.