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QUESTION

Governments around the world are grappling with things that can be done to climate change.

Governments around the world are grappling with things that can be done to climate change. Can someone descibe some of the economic impacts if the trend towards global warming continues, and nothing is done.

In order to reduce global warming, there are several public policies that can be utilised.can someone help describe these policies, critically analyse each one and conclude whether regulation or market-based policies are likely to give the best market outcomes and why?

Note: it focuses on public policies on externalities, specifically on the environment.

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