Should the industry that produces negative externalities with impacts on the environment and health pay specific taxes with revenue linked to the mitigation of these negative externalities?
There must be extended producer and trader liability in all business sectors if we aspire a sustainable economic development.
The degree/level of liability may be calculated for all, existing and emerging industrial and commercial sectors, specifically for each sector, through LCA engineering analysis, ecological analysis (pressure/stress to ecosystem and space-use), impact upon human psycho-physical wellness/vulnerability, economic equity and social justice.
Yes, whatever businesses do should serve the public interest and public welfare. In some cases, they may need help from government, but in any case, the public interest should be supreme.
Yes, companies should be economically responsible for the negative environmental and health impacts of their activities. For instance, pollution from factories can cause health problems and environmental damage. Making companies pay for these externalities incentivizes them to reduce harm and adopt cleaner practices. In the US, pollution costs an estimated $2.9 trillion annually in health-related expenses.
In addition to my question, I ask what is the way to carry out this accountability that is democratic and also a balance between economic freedom and the assumption of costs related to negative externalities?
Dipak Pant Nolberto Munier Stephen Jordan Rohit Kumar