EPA Policies
The environmental protection agency has been stepping up its mandate of ensuring safer and better environment for not only the business operators, buts also the society as a whole. In order to achieve this goal of environmental protection, there has been the creation of environmental protection agency that has ensured that all the businesses, irrespective of their size and type, strive to ensure that the environment is protected for the benefit of current and future generations.
The regulatory measures target the emissions from industries as well as the products resulting from certain industries. The agency establishes certain regulations that seek to standardize the emissions in terms of quantity and if companies are found
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Although the charges greatly affect the economic status of various businesses, there are also competition effects that have resulted from these regulations.
Companies that can afford the specifications required by the government have ensured that the economically strained companies do not get an opportunity to re-indulge in the new trade. The less stable investors have therefore been left out since licenses cannot be issued to companies that do not comply with this policy; for this reason, many potential investors have been forced to drop out of business due to pressure from the environmental regulation agency.
There have been positive attributes from the regulations. One of the positive effects on businesses is that enhanced environmental security has allowed for more investors to start trade in the regions with effective regulatory measures. This is because increased regulatory measures have resulted in the investors gaining not only positive returns, but also consumer trust due to their compliance (Lieberman, 2010). Therefore, there has been significant growth in investment; however, the negative influences have managed to cover these positive influences. The government has also managed to generate substantial amounts of money from the charges and used them in establishing a friendly environment for other potential investors.
The psychological perspectives of investors towards regulations have caused many of them to withdraw, due to fear
The regulatory constraints on businesses from government have been subdued recent years. Fulfilling the function of the state, Prime Minister Tony Abbott’s government proposed a new climate policy that the government will put off the existing levy on emitters and set up fund with as much as $2.6 billion to subsidize the mining enterprises in cutting green-house gas emissions (Anderson, Scott 2014). The subsidy released the financial burden of carbon tax which cost BHP $77.5 million in 2013 (Financial Review 2014) as an enabler in mining industry (Conrad 1993).
The citizen suit provision of the Clean Water Act is an important tool to protect and improve rivers, creeks, streams, and wetlands especially as state agencies may not have the resources to conduct regular water quality monitoring on every water body. Citizen involvement in monitoring and reporting pollution problems is key to watershed protection; hereby helping the government enforce the laws.
It forces the business to make the decision on how to proceed, and they are faced with consequences if they continue. 2
The industrial revolution in the 1800s enhanced the lives of the American citizens. No longer were cultivation and farming a chief concern; instead, manufacturing and machinery were the major improvements of that time. Still today, big corporations are looking for the next big thing that could aid citizens in their everyday lives. What is often ignored, however, are the environmental factors that are being affected by the decisions made by these industries. Harmful acid rain, smog, and buried nuclear wastes diseased the Northern continent where some places were deemed uninhabitable to the public because of the threatening health risks. Environmental laws and agencies were then created in the 1970s to shift the impact that corporations have on the environment. The unchecked power that big corporations have exhausted has enhanced the decline of environmental stability and initiated many territorial restrictions due to the careless actions of the company.
According to Paehlke, R. (1990), regulation is the policy tool of choice when it concerns environmental protection. Regulation is frequently essential even though there is a collection of policy tools obtainable. Non-regulatory methods might in some situations, be more suitable or aid as beneficial enhancements to an operational governing system. According to the author, there are three types of non-regulatory approaches, which are recognized as indirect, participatory, and authoritative.
Thirdly, economists claim that command and control policies are written by the EPA and legislators hence there exists a possibility that the policy might be politically compromised or biased (Hall., et al. (2013). In most cases, existing firms often lobby that stricter environmental standards should not be applicable to them but for infant, firms wishing to start production. Hence, real world environmental laws are filled with loopholes
know laws in 1994. There was then a proposal to cut their budget by $1 billion
Global warming is a problem that the world is dealing with today. The Environmental Protection Agency has come up with what they call the climate change plan. The plan consists of reducing greenhouse gases. The way to do this would be to shut down all coal powered power plants across the country, but doing this would result in many problems. It is said that energy bills will rise, hundreds of thousands of jobs will be lost, and in the end the climate change plan will really have no impact on global warming.
The United States Environmental Protection Agency is an agency of the federal government in the United States, which was created for the purpose of controlling pollution, protecting human health, and protecting the environment. The parts of the environment that it is protecting, includes air, water, and land. The Environmental Protection Agency protects these parts of the environment by writing and enforcing federal regulations based on environmental laws passed by Congress. These regulations are concerns relating to water, air, chemicals, waste, and land. These laws are created to ensure that human, animal, and environmental life are not being harmed by chemicals, waste, or other human
Fees and regulations are similar to taxes. The government charge all firms the same fee and to set the same standard for all firms. This will achieve the same level of emission reduction at a lower cost for all firms and firms will have an incentive to reduce their emissions.
The issue surrounding high levels of fraternization between the agency and the industry is the risk of acting in ways that threaten public interest. If the firms within the industry are too influential in the formation of regulations, their interests outweigh that of the public. It is a common concern that this capturing could lead to policies that hinder competition to the benefit of a particular firm or give one firm a substantial advantage in the market. It is evident that regulatory capture is a failure in policy making because the purpose of regulation is to distinguish between programs that regulate and those that promote business enterprise. If the industry is promoted in the regulation process, there is a clear conflict of interest and evidence of
Follow the regulation of the market provides credibility on the government’s policy. Investors realize that the government will not intervene heavily in the market. The volume of trade in the market will rise. Investors are no longer concerned about confined trade. In the meantime, targeting illegal trade maintains a fair market. The trade will return to the regular level. In the long run, investors will regain confidence over the stock market. As a result, the policy will stabilize and revitalize the stock market.
In the past, a fixed fee was charged to the industries, and it was difficult to find a relationship between pollutant discharges and the licence fee. Inequity in licence fees was resulted therefrom, and there was very little incentive available for licence holders. Consequently, this approach was regarded as an unpleasant cost, and the earnest licence holders had to be economically disadvantaged by the neglected licensing system. Furthermore, ineffective system in environment protection licence failed to reduce emissions and irreversible impacts on the environment were perceived.
Environmental problems are something which belongs to nature or known as “Mother Earth” [13]. Nature was created to help people survive from gathering foods until build a house. This phenomenon happens continuously without thinking how much damage that nature has because human’s fault. Nature gradually becomes worse and animal’s life in danger. People who are aware of the importance of nature react. Those people do several ways to save the environment. Although these efforts can return back the environment, these efforts only can be hold temporarily. This problem happens because those people who are aware of the environment only slightly; for remaining, there are people either do not know or do not care about the nature. People’s efforts
The world of 2015 is centralized on industrialization, and advancements that improve the manner in which a product can be produced to turn the greatest profit. While many of these improvements in speed and quantity benefit society, we cannot turn a blind eye to some of the heavy costs that are associated with this type of mass production. To address some of the issues, like pollution, governments create laws to regulate the amount of negative externalities to its citizens. In the United States there are multiple federal agencies charged with creating the specific standards and regulations that states and large companies must adhere to. One agency in particular, the Environmental Protection Agency (EPA), implements and enforces some of these standards “to protect human health and the environment”(US Environmental, 2015).