The paper "Australian Approach to Reducing Emissions" is a perfect example of a micro and macroeconomic case study. Governments and institutions formulate and implement different policies focusing on aspects that affect the developmental and social objectives. Reducing emissions from fossil fuel is an integral component of the society and economic sector because of the negative impact on the environment. The Australian government and international governments have formulated the Direct Action and Carbon Tax respectively to reduce emission. The aim of the essay is to discuss the motivation of implementation of these policies, comparing and contrasting carbon tax vs.
direct action, picking the ‘ best’ policy from the two, and proposing an alternative policy to reduce emissions. The main motivation for implementing these policies Climate change is a major issue in the business and social environments meaning implementing measures targeting climate sustainability is important. More industries are emerging, and businesses employ different strategies in ensuring profitability and competitive advantage. However, these companies and industries rely on fossil fuel for energy resulting in the emergence of greenhouse gases that affect the ozone layer (Bailey et al. , 2012).
The greenhouse reacts with the environment and atmosphere, which means that social and economic requirements are not fulfilled, or complications may occur. Moreover, the increasing number of industries and organizations means that there is a potential for an increase in greenhouse gases and other emissions (Subramaniam et al. , 2015). The increase of emissions affects the environment, and the solution is to implement measures ensuring the emissions are reduced (Meng, Siriwardana, and McNeill, 2013). Government and different entities have formulated and implemented different measures to reduce emissions such as the Direct Action and Carbon tax (Parliament of Australia, n.d).
These policies have their strengths and weaknesses, but the goal is to protect the environment and society by reducing emissions.
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