Dr. Janelle Knox-Hayes, Assistant Professor in the School of Public Policy, won a prestigious Fulbright Foreign Scholarship. Funded by this grant, she will participate in the bi-national program of educational exchanges between the United States of America and Iceland in the fall of 2014. As part of the grant, Dr. Knox-Hayes will analyze how Iceland institutionalized environmental financial mechanisms such as carbon markets, and how this process is influenced by specific cultural factors. Based on her extensive work in Europe and Asia about environmental policies and company strategies, the planned comparison of the situation in Iceland with other regions and their cultural contexts promises to provide valuable insights into the possibilities and limits of a variety of environmental approaches. This work will be important to improve the chances of global negotiations on climate policies in the future.