Market Approach Business & Marketing Essay Research (Essay Sample)

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Market approach
Introduction
The market approach to environmental issues makes use of economic instruments such as environmental-related taxes and charges, eco-labeling, licenses, emissions trading, economic property rights and subsidies. Environmental-related taxes include wastewater discharge fees and solid waste disposal fees whereby a fee is charged or rather penalized on those involved with the aim of reducing the amount of pollution. Subsidies may include grants and low-interest loans and this is whereby the government offers financial support to those involved in activities that reduce environmental pollution such as recycling firms (Craig, 2014).
Some of the difficult environmental issues that are a threat to the entire globe include air pollution, global warming, soil degradation, deforestation and overpopulation. The reason why these problems are difficult to solve is because every nation is doing everything in their power to ensure economic sustainability at the expense of environmental sustainability.