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

Role of Government Intervention in Environmental IssuesIn environmental cases, a insurance policy framework is sometimes more effectivewhen there is less government intervention. As the level of governmentintervention diminishes, this allows more flexibility for corporations toachieve efficiency. Furthermore the traditional command and control approachhas turn out to be costly, bureaucratic and often inefficient.It is important to address the fact that there are numerous turn a remuneration that keisterbe 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 minimum as possible.I have chosen to examine the article from the New York Times entitledRU.S. Seeking Options of Pollution RulesS. Although pollution is detrimental toour environment, you have to chance on into account that it is almost impossible toentirely prevent pollution. This is scientifically impossible and it would haveseverely negative economic impact on the industries. So the spirit issue becomesthe fact no matter what, there will always be pollution, as long as theseindustries exist. So we should focus on how we can minimize this and yet at thesame time have 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 form of government interventionto utilize and monitor 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 emolument 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 sh ould simply be a RwatchdogS. Governmentshould monitor so that the distribution and transaction of the permits are donein an appropriate manner.The case of Minnesota Mining & Manufacturing Corporation is a classicexample of tradable permit approach. Under this model corporations are able tobuy, sell and parcel out permits that legally allows emission. Many economists havefavored this approach because this also provides incentives for technicalimprovement. 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. average Miller also endorses this approach by