Some people believe that increasing tax on various industries will reduce pollution whereas others believe that there are better alternative ways. Discuss both the view and give your opinion.

Many today argue that the environment can be best protected by heavily taxing various

industries

. In my opinion, though

this

has worked in certain cases, taxation is not as effective as more positive reforms. The case for

taxing

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the taxing

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industry is that it will discourage the worst practices of

companies

.

This

has been evidenced in the European Union where enterprises are taxed at higher rates, oftentimes depending on their relative carbon footprints. The result is that businesses are incentivized to adopt cleaner energy practices. The

companies

that are greener can

therefore

enjoy both the benefits of reduced taxes and the public opinion boost concomitant with eco-friendly initiatives. The caveat to

this

approach is that many multinationals are able to simply move their production facilities and waste to nearby nations.

Moreover

, there are more positive policies that can encourage, rather than discourage, the corporate world. Taxation is a fundamentally reactive measure that supposes

companies

would not wish to inherently protect the planet. A more proactive approach would involve funding green

industries

.

For example

,

companies

such

as Tesla have received billions in government subsidies to build stability for

a

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apply

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green industry. Over time, more

companies

will be able to establish themselves and turn profits and there will be less of a need to use taxes to discourage

industries

from polluting.

This

solution will be

longer

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long

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lasting as it rewards good

behavior

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behaviour

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instead

of punishing bad

behavior

Change the spelling

behaviour

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. In conclusion, despite taxing

industries

having an immediate effect, a greater impact would result from subsidies for various

companies

. Governments should pursue

this

more positive strategy.