Write short notes on Environmental Policy.
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Environmental policies are needed because environmental values are usually not considered in organizational decision making. There are two main reasons for that omission. First, environmental effects are economic externalities. Polluters do not usually bear the consequences of their actions; the negative effects most often occur elsewhere or in the future. Second, natural resources are almost always underpriced because they are often assumed to have infinite availability. Together, those factors result in what American ecologist Garrett Hardin in 1968 called “the tragedy of the commons.” The pool of natural resources can be considered as a commons that everyone can use to their own benefit.
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Strictly, an environmental policy can be defined as a government's chosen course of action or plan to address issues such as pollution , wildlife protection, land use , energy production and use, waste generation, and waste disposal.
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