This question was asked in internal assessment of Resource and Environmental Economics. Please suggest me best book or article where i will find this question's answer.
Our environment cannot be sold but can be monetized to identify the impact of our capital on the environmental resources. There are various tools to monetize the impact on the environmental resources. Genuine Saving assessment tool for countries. This tool has been adopted by the World Bank.
EIA should be monitored. Industrial development is an essential one. Industrial development will lead to pollution. The government never sell the environment but monitoring the industries and charging penalty/levied tax. Kindly refer the case theorem