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Proponents of cap-and-trade hope to harness the invisible hand of "the market" to reduce greenhouse gas emissions (GHG), such as carbon dioxide.
The goal is to "cap" current GHG...
For many, market failure is taken for granted as an accepted economic principle, when in fact it can be quite controversial. "Market Failure" is most commonly defined as a failure of the market to achieve economic...
The Kyoto Protocol is a worldwide treaty, in effect since 2004, binding signatory countries to lower greenhouse gas emissions in order to limit possible impacts on global warming. The only problem is that few...
Passed in 1970, with significant amendments in 1977 and 1990, the Clean Air Act (CAA) has grown to be an 800-page statute. Under the CAA, the Environmental Protection Agency (EPA) sets national ambient air quality...
After the Cuyahoga River caught fire in Ohio in 1969, new pressure was exerted on the federal government to increase its role in reducing water pollution in America. The efforts culminated in the Clean Water Act,...
The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), more commonly known as Superfund, financed and created the federal program that cleans up hazardous substances nationwide. Initially...
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