Governments around the world are grappling with what to do about climate change. Describe some of the economic impacts if the trend towards global warming continues, and nothing is done.In order to re

Governments around the world are grappling with what to do about climate change. Describe 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. 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?

Please note: The assignment focuses on public policies on externalities, specifically on the environment.