Do environmental economics concepts, such as externality and optimisation, provide a useful theoretical framework for understanding the relationship between economy and environment?

Answer one question, and choose your needed readings from the list Choose one question from the following: 1. Do environmental economics concepts, such as externality and optimisation, provide a useful theoretical framework for understanding the relationship between economy and environment? 2. Do market-based mechanisms for pricing and trading the environment, such as taxation and tradeable permits, provide an effective policy framework for achieving sustainability? 1,200 words (+/-10%) 2 more readings needed to be download: https://drive.google.com/drive/folders/1ZIMPg1xPrpJIin-J1lnfoFwKCgKDcV-o?usp=sharing