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

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Question: Should governments subsidize eco-friendly businesses?

Model Answer:
In recent years, the significance of environmental conservation has become increasingly apparent. As a result, many nations have started implementing measures aimed at promoting eco-friendly practices and businesses. One such measure is the provision of financial assistance in the form of government subsidies to these environmentally sustainable companies. This essay will discuss the pros and cons of this policy, and conclude that governments should indeed consider subsidizing eco-friendly businesses due to their potential long-term benefits.

On one hand, there are several advantages to providing financial support for eco-friendly businesses. Firstly, such incentives can stimulate innovation in the field of sustainable practices. The allocation of resources towards these enterprises allows them to invest in research and development, leading to the creation of new products and technologies that can help mitigate environmental degradation. Secondly, government subsidies can help level the playing field for eco-friendly businesses, as they often face higher production costs than their conventional counterparts. By reducing these financial burdens, governments can encourage more businesses to adopt environmentally sustainable practices. Lastly, the creation of jobs in this sector can contribute to a greener economy and reduce unemployment rates, which is particularly important in times of economic downturn.

On the other hand, there are potential drawbacks to consider. One concern is that providing subsidies might lead to an overreliance on government support, potentially hindering the development of self-sustaining eco-friendly businesses. Additionally, it could be argued that these financial incentives might disproportionately benefit larger corporations at the expense of small and medium-sized enterprises (SMEs), which often have limited access to such resources. Lastly, there is the possibility that governments may misallocate funds, potentially allocating subsidies to businesses that are not genuinely committed to environmental conservation.

Despite these potential drawbacks, it remains crucial for governments to consider subsidizing eco-friendly businesses due to their long-term benefits. By promoting innovation and providing financial support to environmentally sustainable enterprises, nations can foster the development of a greener economy that benefits not only the environment but also the wellbeing of their citizens. While there may be concerns about mismanagement or overreliance on government support, these challenges are outweighed by the potential for significant environmental and socio-economic improvements.

In conclusion, governments should consider subsidizing eco-friendly businesses as a means to promote environmental conservation, stimulate innovation in sustainable practices, and create a greener economy. While there may be short-term drawbacks, the long-term benefits of such an approach ultimately outweigh the potential downsides.

Score: Band 9

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