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

IELTS.WORK Free Online Writing Practice # 1712351950

Writing Task 2 Topic: Should governments subsidize eco-friendly businesses?

Model Answer:

In recent years, there has been growing debate over whether or not governments should provide financial support to companies that adopt environmentally friendly practices. In this essay, I will argue that although the intentions behind government subsidies for eco-friendly businesses may be well-meaning, it is ultimately a more effective approach to allow market forces to drive the transition to sustainable practices.

Firstly, one of the primary arguments in favor of subsidizing eco-friendly businesses is that it helps to reduce carbon emissions and promote sustainability. Proponents of this view argue that by providing financial incentives to companies that adopt environmentally friendly practices, governments can encourage a rapid transition to sustainable business models. However, this approach has several potential drawbacks. For one, subsidies can create a distortion in the market, as they may lead to an over-investment in certain industries at the expense of others. This can result in an imbalance in the economy and ultimately hinder overall growth.

Secondly, there is a risk that government subsidies could be misdirected or even abused by companies seeking to exploit the financial incentives for their own gain. For instance, some eco-friendly businesses might receive funding without truly adopting sustainable practices, while other deserving companies may fail to secure the necessary support. In such cases, the funds intended to protect the environment could be squandered or misused, undermining the very purpose of the subsidies in the first place.

Furthermore, allowing market forces to drive the transition to sustainable practices is a more effective approach because it ensures that companies are genuinely committed to reducing their environmental impact. By removing government subsidies and instead implementing policies such as carbon taxes or cap-and-trade systems, businesses would need to invest in eco-friendly technologies and practices to remain competitive. This market-driven approach encourages innovation and fosters long-term sustainability, without the risk of misdirecting funds or creating imbalances in the economy.

In conclusion, while the idea of providing government subsidies for eco-friendly businesses may appear to have merit, it is ultimately more effective to allow market forces to drive the transition to sustainable practices. By removing financial incentives and implementing policies that encourage innovation and competitiveness, governments can promote environmental protection without risking the misdirection or abuse of funds.

Score: Band 9

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