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Monday, March 25, 2019

Role Of Government Intervention In Environmental Issues :: essays research papers

Role of Government Intervention in environmental IssuesIn environmental cases, a policy framework is close totimes more(prenominal) effectivewhen in that location is less governing intervention. As the level of governmentintervention diminishes, this eitherows more flexibility for corporations toachieve efficiency. Furthermore the traditional reign over and control approachhas proven to be costly, bureaucratic and often inefficient.It is classical to address the fact that there are numerous benefits that digestbe achieved for both policy makers and industries, if a policy framework isbased on market forces. However it is important that there is a need for somegovernment intervention, but should be as minimal as possible.I wear chosen to examine the article from the New York Times authorizeRU.S. Seeking Options of Pollution RulesS. Although pollution is detrimental toour environment, you restrain to affect into rate that it is almost impossible toentirely prevent polluti on. This is scientifically impossible and it would bring inseverely negative economic impact on the industries. So the onus issue becomesthe fact no matter what, there will invariably be pollution, as long as theseindustries exist. So we should focus on how we can minimize this and yet at thesame time behave an efficient market system? Furthermore, we should also focus onhow we can accomplish this so that sustainable growth and development can takeplace. So there is definitely a need for some miscellany of government interventionto enforce and admonisher this. Reason being that there is always an element ofequality that has to be enforced, when dealing with cases such as this. Forinstance, larger corporations may have an advantage over smaller corporation,since they have stronger influence on politicians and lobbyists. So thegovernmentUs role should be to ensure that all industries (regardless sizeand/or power) have equal opportunities to benefit from this type of approach.In another words, the government should simply be a RwatchdogS. Governmentshould monitor so that the distribution and transaction of the permits are donein an subdue manner.The case of Minnesota Mining & Manufacturing Corporation is a classic fount of tradable permit approach. Under this model corporations are able tobuy, sell and administer permits that legally allows emission. Many economists havefavored this approach because this also provides incentives for goodimprovement. So the aggregate effect would be that most industries would try tomaximize their profits by trying to come up with new techniques to reduce thelevel of emission. This in turn would allow them to reduce the cost that theywould have to pay from polluting. Norm Miller also endorses this approach by

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