It is an increasing trend of business to neglect the environment to further their profits. What problems can this cause? What measures could resolve them?

It is true that many businesses prefer to focus on economic growth and ignore environmental issues.

While

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this

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is a serious problem, it can be solved by implementing more stringent environmental tax policies. The main issue with

companies

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neglecting the

environment

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is that it places long-term economic burdens on the nation and endangers the physical health of residents. The economic costs of restoring the

environment

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when

companies

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do not dispose of

waste

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properly often have to come out of taxes.

Furthermore

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, it is well known that industrial

waste

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pollutes the air and water, causing serious health problems for citizens who are exposed to it. India is a prime example. Manufacturing

companies

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that produce large

amount

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amounts

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of pollution have grown both in number and size in India since the 1990s. Unfortunately, they have not made the same effort to protect the

environment

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as they have to make profits.

Thus

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, pollution in India causes 20 million new cases of diseases and

cost

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costs

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80 billion dollars to repair environmental damage annually.

However

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, there are solutions to

this

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problem. One of the ways to deter businesses from polluting is to impose taxes that help to protect the

environment

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. By forcing

companies

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to pay for cleaning up their pollution,

business

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businesses

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will ensure that their activities are less harmful to the natural world. Meanwhile, the government can use these funds to implement cleanup and protection programs. In the UK,

for instance

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, a green tax was imposed on landfill

companies

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based on their intake of rubbish since decomposing

waste

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can pollute the ground and produce methane.

This

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additional cost led to a reduction in

waste

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entering landfills and an increase in recycling.

Furthermore

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, it provided the government with funds for cleaning up landfills and

for

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apply

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preventing

further

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environmental damage. To sum it up,

it is clear that

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countries suffer economic losses and public health problems when businesses disregard their responsibilities to nature.

Nevertheless

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, the issue can be resolved with more taxation enforced by the government.