Attempts to implement legislation to reduce carbon dioxide emissions have thus far not been successful on a global scale. One reason for this may be that
A)the science of climate change is not widely accepted
B)internalizing an externality is never successful
C)the domestic cost exceeds the domestic benefit
D)the transaction costs are extremely high

Question

Quizplus · Accepted Answer

The domestic cost of reducing emissions often exceeds the domestic benefit, making countries reluctant to implement such legislation without global cooperation.

Attempts to Implement Legislation to Reduce Carbon Dioxide Emissions Have