The Environmental protection agency, or EPA for short, was founded by Richard Nixon on December 2, 1970.
The EPA was created in response to the confusion many people had over the many environmental protection laws. The EPA was created in order to organize, understand, and enforce these laws.
The current head of the EPA, Scott Pruitt, is responsible for managing The EPA. These responsibilities include the enforcement of laws designed to protect the environment, and punish those who break them.
Issues that the EPA has to deal with are things like global warming and the deterioration of the atmosphere due to pollution and the carbon monoxide in the atmosphere. For more detailed information about these things, you can go to this website: https://www.epa.gov/
The EPA addresses market failures by giving market incentive to businesses. They do this in hopes that the incentive will make businesses want to reduce emissions, thereby achieving their mission to help protect the environment.
Citation:EPA. Environmental Protection Agency, n.d. Web. 10 Mar. 2017.
"What Is the EPA Hiding?" NetRight Daily. N.p., 15 Aug. 2012. Web. 10 Mar. 2017.
"Economic Incentives." EPA. Environmental Protection Agency, 27 May 2016. Web. 10 Mar. 2017.