‘Climate change is one of the major challenges of our time and adds considerable stress to our societies and to the environment. From shifting weather patterns that threaten food production, to rising sea levels that increase the risk of catastrophic flooding, the impacts of climate change are global in scope and unprecedented in scale’. United Nations Climate change is seen by many to be caused by excessive greenhouse gas emissions, which includes carbon emissions.
This phenomenon is linked to the growth of economic activity. Suggest two good policies that could help reduce carbon emissions arising from the production of a particular product of your choice and discuss the potential effectiveness of these policies. Apply economic theory where appropriate. In your essay you should engage in a discussion and appropriate economic analysis. Your essay should present an in depth analysis and you must use diagrams to illustrate your points.