Explain the challenges associated with balancing economic growth and environmental protection How can businesses and governments mitigate the negative impacts of industrialization while still promoting economic prosperity?
Answer (1)
Balancing economic growth and environmental protection is challenging because industrialization and economic development often rely on activities—like manufacturing and resource extraction—that can harm the environment. These impacts include pollution, deforestation, and greenhouse gas emissions.ChallengesShort-term economic gains vs. long-term environmental sustainability.High costs of adopting green technologies.Resistance from industries reliant on fossil fuels or unsustainable practices.Mitigation StrategiesGovernments can enforce environmental regulations, offer tax incentives for green innovation, and invest in clean energy infrastructure.Businesses can adopt sustainable practices, such as using renewable energy, reducing waste, and improving efficiency.Collaboration between public and private sectors can foster green innovation and job creation in sustainable industries, promoting both prosperity and protection.
