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

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

Model Answer:

In recent years, there has been an increasing focus on the importance of protecting the environment and promoting sustainable practices. One way that governments can support this shift is through the subsidization of eco-friendly businesses. In this essay, I will discuss the arguments for and against government subsidies for such companies and ultimately conclude that they should be provided with financial assistance to encourage a sustainable future.

On one hand, there are several reasons why governments should consider providing subsidies to eco-friendly businesses. Firstly, these companies often invest in research and development of environmentally friendly products or processes. By offering financial support, the government can accelerate the development of these technologies, which could lead to a cleaner and more sustainable future. Secondly, by supporting eco-friendly businesses, governments can help to create jobs and stimulate economic growth. This is particularly important in the context of climate change, as transitioning to a low-carbon economy will require significant investment in new industries and infrastructure. Lastly, providing financial assistance to environmentally conscious companies can encourage other businesses to follow suit, promoting a culture of sustainability throughout the entire industry.

However, there are also potential drawbacks to subsidizing eco-friendly businesses. One criticism is that these subsidies may not be effectively targeted, with some companies potentially abusing the system and using the money for purposes unrelated to environmental sustainability. Additionally, by providing financial support to environmentally conscious companies, governments could inadvertently create a competitive advantage for these firms over their less sustainable counterparts, leading to market distortions. This could result in an imbalance in the economy, as well as potential resentment among businesses that are not receiving subsidies.

In conclusion, while there are legitimate concerns about the potential drawbacks of subsidizing eco-friendly businesses, the benefits far outweigh these risks. By investing in research and development, creating jobs and stimulating economic growth, and promoting a culture of sustainability, government support for environmentally conscious companies can play a crucial role in ensuring a sustainable future. Therefore, it is essential that governments consider providing financial assistance to eco-friendly businesses, despite the potential drawbacks.

Overall score: Band 7.5

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