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IELTS Free Online Writing Practice - Should governments subsidize ecofriendly businesses?

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Topic: "Should governments subsidize eco-friendly businesses?"

Model Answer:
In today's world, where environmental conservation is becoming an increasing concern, the question of whether or not governments should provide subsidies for eco-friendly businesses has become a matter of great debate. Some argue that governments should allocate resources to support environmentally responsible companies in order to protect and preserve the planet for future generations. Conversely, others believe that market forces alone are capable of driving sustainable business practices, and government intervention could lead to unintended consequences, such as over-reliance on subsidies and protectionism. In this essay, I will explore both viewpoints in order to determine whether or not governments should indeed subsidize eco-friendly businesses.

The primary argument in favor of providing government subsidies for environmentally responsible companies is the potential for substantial benefits to society as a whole. Eco-friendly businesses typically engage in practices that reduce waste, energy consumption, and carbon emissions, all of which contribute to a healthier planet. By offering financial support to these firms, governments can incentivize sustainable business practices on a larger scale, ultimately benefiting the environment and future generations. For instance, if governments subsidize renewable energy companies, this could lead to the rapid expansion of clean energy infrastructure, reducing reliance on fossil fuels and mitigating the impacts of climate change.

On the other hand, opponents of government subsidies argue that market forces are more effective in driving sustainable business practices. They contend that if eco-friendly businesses are truly superior in terms of environmental impact, they should be able to compete successfully without the need for external support. Critics also warn that government intervention may result in an over-reliance on subsidies, which could stifle innovation and lead to protectionist practices that limit competition. Moreover, it is argued that funds allocated for subsidies could be better spent on other forms of environmental conservation, such as the establishment of protected natural areas or the implementation of stricter regulations to enforce responsible business practices.

In conclusion, while both sides present compelling arguments, it seems clear that a balance must be struck between government intervention and market forces in order to effectively promote sustainable business practices. Governments should consider providing targeted subsidies for eco-friendly businesses that demonstrate a commitment to reducing their environmental impact and contributing positively to society. However, this support should be accompanied by policies aimed at ensuring the long-term viability of these companies, such as the provision of resources for research and development or incentives to attract investment. By adopting a measured approach to subsidization, governments can help drive the transition to a more sustainable future while also fostering innovation and competitiveness in the eco-friendly business sector.

Overall band score: Band 7 (Good)

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