Some people argue higher taxes should be collected from industries causing higher industrial pollution, whereas others argue there are better ways to deal it. Discuss both views and give your opinion? Give reasons for your answers and include any relevant examples from your own knowledge or experience.

Industrialization

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The industrialization

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has ushered the quality of living standards and increased employment.

While

some argue that

due to

the

pollution

they have caused, higher

taxes

should be imposed on them.

In contrast

, others believe there are better ways in dealing with them. In

this

essay, both scenarios are discussed.

Firstly

, imposing

taxes

on industries will put a burden on them, which they will transfer to consumers in the form of higher prices. Or, on the other ,hand they will shift to other places causing a loss to the economy.

For instance

, many industries in Pakistan have shifted to Srilanka and Bangladesh

due to

higher

taxes

, resulting in lower GDP and increased unemployment.

Secondly

, the companies will start to assume that they can pollute for as long as they are ready to pay the tax.

This

perception will lead them not to invest in green technology for sustainable environmental growth. Eventually, the

pollution

levels will continue to foster in the coming years.

However

,

on the contrary

, the other argument holds much weight in finding better solutions to deal with them. "Cooperate Social Responsibility", a term which has been introduced for many decades needs to be implemented more strongly. CSR allows a company to give back to the environment by introducing methods which less hazardous and environment friendly.

For example

, Nestle has banned 30 per cent use of plastic in their bottle and they plan to achieve 50 per cent by 2025.

Secondly

, there are many laws available in countries which protect nature by keeping a check and balance of waste disposal methods and using green technology. But

this

is rarely implemented in developing countries

due to

corruption practices.

To conclude

, imposing higher

taxes

on industries that cause higher

pollution

is unlikely to solve the problem. Worse,

this

will ignite the situation. A better solution is to promote green technology and offer tax concessions to those who reduce their

pollution

.