Effective economic consideration for worldwide sustainable environmental policy
One huge impact that imposes on the global environment is the action of trade, a human interaction involving goods, natural resources and materials. Sustained networks and economies providing financial gain and satisfying the demands and needs and desire of human nature. Exploitation of finite resources with uncertain consequence or reaction over the passage of time has provoked thoughts of redress and needs for change. The complexities that exist within the global economies, present unequal benefits and power differentials that require incentive and certain motivations to drive effective implementation.
Identification and understanding of what is to be analysed with regards environmental policy and sustainability is key. Broad categories for economic models, in terms of stock are finite natural resource extraction and consumption, renewable biological natural resource exploitation. The advance of time and science has shown the impact and consequence globally of the above exploitations, and as such, models are therefore required to represent the variables they present. Such as pollution resulting in climate change, ecosystem destruction and depletion, economic motivation and trade as it stands will not cease to avert these changes. So the recognition in recent times is the management of acceptable consequence and the implementation of mechanisms which can effectively deliver sustainability for economics and the environment.
Challenges with regards this concept, predominantly evolve from boundaries in the global sense. Motivation required for all sovereign entities to make or accept change as a complete utilitarian society, calls for incentives and restraints collectively. Economic instruments are frequently used, for example within the sea fishing industry where quotas, closed seasons, gear restrictions and taxes are imposed in order to attempt to regulate...