Prompt #2: The ominous phenomenon of Climate Change has been caused by the accumulation of man-made greenhouse gas emissions. This has been referred to as the "greatest market failure in history." Discuss why Climate Change can be described as a market failure and explain why government regulation to reduce greenhouse gas emissions might be justified. Also discuss the types of regulatory options the United States might choose as tools to reduce emissions. 

need 4 pages

MLA format

Outline

      I.           Introduction

    II.           Why Climate Change is Described as Market Failure

 III.           Government Regulations to Reduce Emissions of Greenhouse Gas Need to be Justified

 IV.           Regulations in Place to Reduce the Emission of Greenhouse Gas in the United States

    V.           Conclusion