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
Correct article usage
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
Remove the article
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
Change the spelling
behaviour
show examples
instead
of punishing bad
behavior
Change the spelling
behaviour
show examples
. 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.
Submitted by Mezun 2023 on

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