International Journal of Social Science & Economic Research
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Title:
SELFISH CONSERVATION -- USING ECONOMICS INCENTIVES FOR GLOBAL ENVIRONMENTAL CONSERVATION

Authors:
Krishnav Verma

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Krishnav Verma
The British School, New Delhi

MLA 8
Verma, Krishnav. "SELFISH CONSERVATION -- USING ECONOMICS INCENTIVES FOR GLOBAL ENVIRONMENTAL CONSERVATION." Int. j. of Social Science and Economic Research, vol. 4, no. 9, Sept. 2019, pp. 5913-5921, ijsser.org/more2019.php?id=453. Accessed Sept. 2019.
APA
Verma, K. (2019, September). SELFISH CONSERVATION -- USING ECONOMICS INCENTIVES FOR GLOBAL ENVIRONMENTAL CONSERVATION. Int. j. of Social Science and Economic Research, 4(9), 5913-5921. Retrieved from ijsser.org/more2019.php?id=453
Chicago
Verma, Krishnav. "SELFISH CONSERVATION -- USING ECONOMICS INCENTIVES FOR GLOBAL ENVIRONMENTAL CONSERVATION." Int. j. of Social Science and Economic Research 4, no. 9 (September 2019), 5913-5921. Accessed September, 2019. ijsser.org/more2019.php?id=453.

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Abstract:
Environmental degradation is one of the most urgent threats that humanity is presently facing. It is characterized by global warming, climate change, and environmental pollution. It has not only caused a loss in vegetation, wildlife and habitat, it has also led to the melting of polar ice caps, which has, in turn, caused an increase in sea levels. This paper has analyzed the negative impact that environmental degradation has had and is expected to have on not just natural resources, but also the productivity and health of humans. Conventional methods of environmental protection have a humanistic appeal, which is usually ignored by Multinational Corporations that only seek to earn profit irrespective of the social cost of their activities. They are also the biggest contributors to environmental pollution. This paper has examined the efficacy of using economic incentives to promote the culture of environmental protection in companies. Appealing to their self-interest through economic incentives such as green taxes and subsidies is an effective tool to promote social and environmental consciousness. This paper has also sought to provide policy recommendations that would increase the effectiveness of economic incentives in curbing global environmental degradation.