The question in the headline set the stage for a lunchtime debate at Campbell University Law School between Bill Holman and Fred Smith.

Holman is the former N.C. secretary of environment and natural resources who now serves as director of state policy for Duke’s Nicholas Institute for Environmental Policy Solutions. Smith is president of the Competitive Enterprise Institute.

In the video clip below, both address the wisdom of approaching global warming policy with a government-run cap-and-trade scheme.

3:30 p.m. update: Watch the full 1:16:58 recording by clicking the play button below.

You’ll find other John Locke Foundation video presentations here.