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Is placing a financial value on the natural envirnment enough Essay Example

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Is placing a financial value on the natural envirnment enough

Value on the natural environment, the implementation of such effective policies become more efficient and less exploitative since the government will monitor the activities of every emitter of carbon thereby charging appropriately.The approach adopted by the UK government promises more effectiveness owing to the governments attention to details associated with the placement of the financial value on the natural environment. Total enterprise value is a concept in accounting that helps entrepreneurs to determine the actual value of their entries. The concept evaluates the varying debt levels in companies; the UK government has adopted the same principle in evaluating the operation of companies and determining their effects on the natural environment thereby placing a commensurate value on the effects they have on the environment. Total enterprise value is an addition of the total capitalization, the interests bearing debts and preferred stock. Viewing the natural environment as an enterprise, the government easily monitors the actions of different interests groups thereby charging them as appropriate. Such a view increases the success rates of such initiatives as the carbon tax in case the UK government decides to adopt similar policies since they provide the government with a holistic view of the natural environment.By adopting the concept of natural capital, the government compels companies among other interest groups within the country to calculate the financial impact that their operations have on the natural environment. The government through state organs such as the Scottish Wildlife Trust work with other similar groups including the United Nations to monitor the progress the government is making in preserving the environment (Carroll & Turpin, 2009). Most private developers rehabilitate land and use such in setting up their companies. Such changes affect the natural resources since they interfere with the natural ecosystem. However, the government will now permit such entrepreneurs to operate only after paying for the disturbance they cause to the naturally existing ecosystem. The government later uses such revenue in rolling extensive social responsive initiatives elsewhere thereby possibly overcoming the effects of such new companies (Clark & Canter, 1997).The concept of natural resource makes it possible for the government to assess the impacts that companies have on the environment. Most of the developed countries including China and

References

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Clark, T. W. (1994). Endangered Species Recovery: Finding the Lessons, Improving the Process. Washington, DC [u.a.: Island Press.

Edwards, P. & Miller, C. A. (2001). Changing the atmosphere: expert knowledge and environmental governance. Cambridge, Mass: MIT Press, 2001. Print.

Feld, B. (2013). Startup boards: Reinventing the board of directors to better support the entrepreneur. Hoboken, N.J: Wiley.

Glasson, J; Therivel, R & Chadwick A. (2005). Introduction to Environmental Impact Assessment. London: Routledge.

Great Britain. (2009). Pre-budget report 2008: Green fiscal policy in a recession : third report of session 2008-09 : report, together with formal minutes, oral, and written evidence. London: Stationery Office.

Hanna, K. (2009). Environmental Impact Assessment: Practice and Participation, 2nd ed. Oxford: OUP.

Karen, M. & Ricardo, P. (2012). Environmental and Energy Law, London, John Wiley & Sons, 2012. Print.

Petts, J. (2006). (ed.), Handbook of Environmental Impact Assessment, Vols 1 & 2. Oxford, UK: Blackwell.

Ruddy, T. F. & Hilty, L. M. (2008). "Impact assessment and policy learning in the European Commission". Environmental Impact Assessment Review 28 (2–3): 90.

Rychlak, R. J. & Case, D. W. (2010). Environmental Law: Oceanas Legal Almanac Series. New York: Oxford University Press.

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preview essay on Is placing a financial value on the natural envirnment enough
  • Pages: 6 (1500 words)
  • Document Type: Essay
  • Subject: Environmental Studies
  • Level: Undergraduate
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