Evaluate the Potential Effects Introducing Environmental Legislation using Free-Market and Pro-Regulatory Approach
There has been an increasing level of legislation that has been introduced by the Australian Government, particularly in relation to the environment and climate change (for example, The National Pollutant Inventory (NPI) the National Greenhouse Energy Reporting act (NGER) and the Carbon Tax).
Evaluate the potential effects of the introduction of the environmental legislation using the free-market and pro-regulatory approach to regulation and provide a conclusion as to whether you support or oppose the introduction of such regulation.
You will need to provide justifying evidence based on different stakeholder groups (i.e. perspectives of Society, Corporations and Government). Your answer MUST be substantially supported by academic literature. You are required, and must, read and incorporate academic journal articles and other relevant materials to justify your viewpoint.
The question belongs to Political Science and it is about the increasing legislation in Australia on environmental and climate change such as National Greenhouse Energy Reporting Act and the Carbon Tax. Many researchers and experts say that while passing such acts, the government has only considered the monetary implications in terms of tax and had not given any consideration in other terms except for monetary terms. Weighing environmental and climatic changes in money terms, they say is not a good idea.
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