Business A formal report Law on Pollution Accounting Essay

Business A formal report Law on Pollution Accounting - Essay Example *GEO Year Book 2006. United Nations Environmental Programme. 16 Apr.2006.http://www.unep.org **Poverty Resource. World Resources Institute. 16 Apr.2006. Our minimal awareness and response have produced a number of treaties, protocols, laws and monitoring agencies. But why then the Ozone hole is expanding Why Global-Warming is increasing Why species are, increasingly, afflicted by pollution in it's various forms Let us blame it on business houses and governments. Nature, in it's myriad forms, is exploited ruthlessly for 'materialistic economic benefits'. Society is the ultimate sufferer. How to stop the further decline and start our response more effective and pronounced The answer lies in "Pollution Accounting". This is the way we should make the business houses and government agencies absolutely transparent, responsible and answerable to the common man of the society, in the matters of environment and pollution. 'Pollution Accounting' is as good as financial accounting. It reflects the activities of business in relation to environment and pollution. It records, also, the role of government and it's agencies. The 'Pollution Accounting' reflects 'liabilities' and 'assets', as how a financial accounting does. 'The liabilities' must record how the business activities degraded and polluted the environment. What are all the negative impacts on the society should also be recorded under liabilities. Any legal case, pending or over, in relation to pollution and any ongoing investigation, by government agencies, related to environmental degradation should also be recorded. The data must be provided in 'real' terms and in monetary terms also. 'The assets', in 'Pollution Accounting", must include the internal and external...This is the way we should make the business houses and government agencies absolutely transparent, responsible and answerable to the common man of the society, in the matters of environment and pollution. 'Pollution Accounting' is as good as financial accounting. It reflects the activities of business in relation to environment and pollution. It records, also, the role of government and it's agencies. should also be recorded under liabilities. Any legal case, pending or over, in relation to pollution and any ongoing investigation, by government agencies, related to environmental degradation should also be recorded. The data must be provided 'The assets', in 'Pollution Accounting", must include the internal and external activities of the business aimed at improving the environment and curtailing the pollution. It must reflect the tangible and intangible benefits of the pollution control activities. The asset side should also include any proposal, to be taken up by the business, to improve the environment. The data must be provided in 'real' as well as in monetary terms.

Monetary and fiscal policy Essay Example | Topics and Well Written Essays - 1000 words - 1

Monetary and fiscal policy - Essay Example [1] Fiscal policy is the attempt to influence the level of economic activity through changing taxation and government spending. The fiscal policy helps in fixing aggregate demand through government spending and thus decides the level of economic activity in the country. IS or Investment Saving is a graph showing the balance between investment and savings. When plotted with income on the X axis and interest rate on the Y axis, the graph has a negative slope ie as the income increases, the supply of loanable funds goes down. This is to prevent an imbalance in the economy. The IS/LM model is a macroeconomic tool that demonstrates the relationship between interest rates and real output in the goods and services market and the money market. The intersection of the IS and LM curves is the "General Equilibrium" where there is simultaneous equilibrium in all the markets of the economy[2] There is a classical correlation between the monetary and fiscal policies and IS/LM. When there is a probability of inflation, which is rare in U.K as it has already been set at 2% by the government, the interest rates are increased by the government through the monetary policy. If the interest rates are high, demand slows down and the growth rate of the economy is arrested. If there are chances of a rapid inflation, the government can hike up the taxes that will in turn reduce spending. As a result, aggregate demand will be reduced and inflation will be controlled. Similarly, if there is a threat of recession, the government can reduce taxes and increase government spending. Lower taxes would translate in higher disposable incomes and thus, aggregate demand would increase. An increased demand would combat the recession and bring the economy back on its course. In other words, IS-LM can be said to show the relation between the theory of effective demand and the theory of liquidity preference. If we assume that there are only two