The Missing Link Between Economic Theory and Environmental Policy
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The missing link between Economic theory and environmental policy
Environmental policy is a course of action taken to manage the adverse effects of human activities on the environment. Such actions may be designed to prevent, reduce or mitigate harmful effects on the human ecosystem. This is intended to promote sustainable practices on the environment which in turn promote economic development. Economic theory involves the production, distribution and consumption of goods and services produced in a country. With the increasing of global environmental problems, there is need for urgent correlation between the economic policies and the environment. This is because the environment controls the natural resources that are used in the manufacture of goods that are so crucial in the life of human beings. Poorly researched economic and environmental policies have resulted in changes in the environment that have led to human suffering and deaths. Traditional economic approaches fall short in the offering of complex perspectives in the relevant environmental issues, problem causes and solutions. Sustainable growth concept therefore emphasize on the fundamental role of the market at large in handling the environmental problems. Smith (1997) states that many factors have necessitated governments to re-think critically on the issue of improvement of economic and environmental policies. Management of natural resources is one key area where environmental policy makers have to reckon with. The increase in human activity has had serous effects on the environment. For instance, mushrooming of industries in the major cities of the world has resulted in increased carbon dioxide concentration and other gases in the atmosphere. This has had a direct impact on the human health who is the major work force in driving the economy of countries involved. Likewise, there is increase of global warming hence resulting in flooding or increased
University:
Course:
Tutor:
Date:
The missing link between Economic theory and environmental policy
Environmental policy is a course of action taken to manage the adverse effects of human activities on the environment. Such actions may be designed to prevent, reduce or mitigate harmful effects on the human ecosystem. This is intended to promote sustainable practices on the environment which in turn promote economic development. Economic theory involves the production, distribution and consumption of goods and services produced in a country. With the increasing of global environmental problems, there is need for urgent correlation between the economic policies and the environment. This is because the environment controls the natural resources that are used in the manufacture of goods that are so crucial in the life of human beings. Poorly researched economic and environmental policies have resulted in changes in the environment that have led to human suffering and deaths. Traditional economic approaches fall short in the offering of complex perspectives in the relevant environmental issues, problem causes and solutions. Sustainable growth concept therefore emphasize on the fundamental role of the market at large in handling the environmental problems. Smith (1997) states that many factors have necessitated governments to re-think critically on the issue of improvement of economic and environmental policies. Management of natural resources is one key area where environmental policy makers have to reckon with. The increase in human activity has had serous effects on the environment. For instance, mushrooming of industries in the major cities of the world has resulted in increased carbon dioxide concentration and other gases in the atmosphere. This has had a direct impact on the human health who is the major work force in driving the economy of countries involved. Likewise, there is increase of global warming hence resulting in flooding or increased