1. Cap-and-trade programs establish a limit or "cap" on greenhouse gas emissions. Polluting firms are issued permits allowing them to emit a certain amount of gases. Firms can trade permits, creating a market price for emissions. Over time, the cap is reduced, lowering total emissions. 2. A carbon tax sets a price per ton of greenhouse gases emitted. This makes polluters pay for external costs of emissions and incentivizes reducing emissions to cut tax costs. The tax increases production costs, lowering output. 3. Command-and-control regulation uses rules like quotas, bans, and subsidies to directly control pollution. However, it involves high monitoring and enforcement costs and may favor producers over consumers