IELTS.WORK

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

IELTS.WORK Free Online Writing Practice # 1712935030

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

Model Answer:

In today's world, where environmental issues are becoming increasingly pressing, it is crucial for governments to consider whether or not they should provide financial support to eco-friendly businesses. Some argue that such subsidies would encourage the growth of environmentally responsible enterprises, while others contend that market forces alone can determine the success of these companies. In this essay, I will analyze both perspectives and present my own view on the matter.

On one hand, proponents of government subsidization argue that it is essential to support eco-friendly businesses in order to foster a sustainable economy. These businesses often require significant upfront investment for research and development, as well as capital to scale up their operations. Government subsidies can help mitigate the financial burden on these enterprises, allowing them to focus more on innovation and expansion. Additionally, the growth of environmentally responsible companies can lead to the creation of new jobs, contributing to a healthier economy and a better quality of life for citizens.

On the other hand, critics of government subsidies contend that market forces should determine the success or failure of eco-friendly businesses. They argue that if these enterprises are unable to generate profit without financial assistance from the government, they may not be truly sustainable in the long run. Moreover, allocating taxpayer money for such purposes could lead to mismanagement and corruption, as seen in some instances where funds intended for environmental projects have been diverted or mishandled.

In my opinion, governments should indeed consider providing financial support to eco-friendly businesses, but this assistance should be carefully regulated and monitored. To ensure transparency and efficiency, subsidies should be awarded through competitive bidding processes, where companies must demonstrate their commitment to environmental sustainability and present a solid business plan. Additionally, governments should establish clear benchmarks for success, such as measurable reductions in carbon emissions or waste production, so that the effectiveness of these investments can be evaluated periodically.

In conclusion, while there are valid concerns regarding the potential mismanagement of government subsidies, it is essential to recognize the importance of promoting environmentally responsible businesses. With proper regulation and oversight, financial support from governments can help these enterprises thrive, ultimately contributing to a more sustainable future for all.

Task 2 Writing Score: Band 9

Source: https://www.ielts.work/?id=1712935030&page=ielts-writing-practice

For more: https://www.ielts.work/?page=ielts-writing-practice