Bewertung des Arabian Journal of Business and Management

Environmental Law-You Pollute, You Pay

Abstract

Venkat Raj*

The implementation of environmental regulations in our nation would undoubtedly improve quality of life and decrease excessive environmental exploitation. However, certain factors must be considered, such as the inflationary effect, the fact that these funds are not always used for environmental reasons, and raising costs to a producer within a country or region. The goal of the study is to determine how aware are respondents of environmental regulations and their importance, if it acts as an incentive to minimize pollution, and the many benefits it provides. The empirical research approach was used in this study, along with a simple sampling strategy. According to research, eco taxes benefit society and the business community because they generate money that can be used directly to protect the environment, to provide incentives to others to do so, or to reduce other more costly taxes with the goal of improving employment and overall economic wellbeing.