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Imposing property rights means that we give the right to utilize the goods to some one, some entities and clubs. Meanwhile, the characteristics of public goods are non-excludability and non-rivalry. Non-excludability means that it is impossible to prevent individuals from utilizing the good. Non-rivalry means that the consumption of the goods by an individual does not reduce the available amount for others to consume.
Carbon dioxide (CO2) and other GHG are emitted to the earth atmosphere. Meanwhile, the atmosphere itself is a public good. It is non-excludable as everyone in the earth can emit anything to it or breathe the air from the atmosphere...
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