Describe the example given of the market-based “solution” to climate change that exacerbated global uneven development.

  1. How has modern society dramatically altered the carbon cycle?
  2. Without the greenhouse effect, life on Earth would not exist. But too much of a good thing can spell trouble. Explain.
  3. How is the “free-rider” problem so potentially vexing to the challenge of mitigating climate change?
  4. How does a cap-and-trade system for carbon emissions differ from the traditional regulatory approach?
  5. Describe the example given of the market-based “solution” to climate change that exacerbated global uneven development. Did this program at least achieve its stated environmental goals?