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There are 3 conceptual frameworks you can use to analyze this case – you should use at least 2 in your paper

a. Explain the market failures that are leading to excessive emissions of greenhouse gases and causing climate change. Be sure to discuss and explain (in relation to climate change) the tragedy of the commons’ and positive/negative externalities, and the role of prices as signals to consumers and companies. Bring in concepts from the readings to discuss the topic. What are some potential approaches to addressing the problem? Is there a case for carbon taxes, a cap-and-trade system, or regulations on activities that cause climate change?

b. Explore the rise of the clean tech sector. Why should the government use our tax dollars support and subsidize the clean energy sector as a cluster to address climate change? Or should this sector be left to market forces and the decisions of individual firms and investors? You should discuss the relevance of positive externalities (carbon reduction) as well as the cluster concept (Porter article) to think about the impact on regional employment and competitiveness. Where are the big opportunities in clean tech, and which regions and countries are likely to benefit the most? Should the US and Europe match China’s efforts to invest in cleantech and other fast-growing sectors?

c.How have fossil-fuel related companies been able to block or slow climate regulation? Explore the sources of corporate power (Levy and Egan article on