Natural Resource and Environmental Policy †Free Samples to Students

Question: Discuss about the Natural Resource and Environmental Policy. Answer: Introduction (Definition of Environmental policy) Environmental policy can be defined as the official commitment that has been issued by an organisation in accordance with the environmental laws and regulations that is made to deal with all the major environmental issues. It is also possible for the organisation to respect the environmental values and also do not cause severe harm to the ecosystem. Environmental policy that has been implemented by an organisation depends upon type of industry and also the environmental objectives of the stakeholders. It can also help the organisation to communicate directly with the client group and help them to make further investment to improve upon the environmental policy. The current report will aim to highlight upon the information theories that are needed to implement proper environmental policy. It will also describe some key characteristics of a good environmental policy by providing some real examples. The role of individual stakeholders of an organisation in regards to the environmental policy will also be discussed in the current report. Theories need to inform policymaking The planning related to environmental policy is based upon the condition of the local natural environment. According to Dechezleprtre and Glachant (2014), it is important for the policymakers to respect the environmental science while preparing the official policies. Sufficient information is also needed with the help of extensive research in order to prepare an environmental policy that will help an organisation to follow the path of sustainable development and also continually restored the natural system. It is important to note in the context that in recent times the activities of modern human has been one of the major burdens upon the environment. Nevertheless, with the help of effective environmental planning with the help of environmental policy, it is possible to restore the balance within the environment. As per Finkbeiner (2014), it is important to explore the history of environmental economics which is one of the basic principles of the policies that are implemented in Environmental planning. The economic theory, emphasis upon the overall cost-benefit ratio that is related with the implementation of a environmental policy. There is also the natural capital theory that suggests upon the overall contribution of the ecosystem on human life. This theory can also be used to measure the value of natural resources that are depleted due to various human activities (lander and Thgersen 2014). According to the element of this theory, it is also important to focus on sustainable economic development in order to ensure that both human and natural capital can have a perfect balance within the environment. On the other hand, environmental economics theory is an approach that is based upon the condition of the market. There are policies that include pollution taxes that can help the society to focus on the need of the environment alongside economic progress. The main purpose of the theories related to environmental policy seeks to attach the values of environmental resources that may be difficult to estimate. This information related to environmental degradation and the values of the natural resources is an important integrated part that is needed in preparing environmental policies. Key Characteristics of a Good Environmental Policy with examples There are several implications of the official environmental policy that has been implemented by an organisation in order to follow the path of sustainable economic development. According to Hsu and Zomer (2016), few of the major elements or characteristics of an effective environmental policy include justification of the policy and also the call for action. The policy also needs to address the range and scope of where it can be implicated. It is also important to evaluate the effectiveness of the policy that is done by guiding the principles. Accountability is also one of the important features that need to be included within the environmental planning. This will ensure that the purpose of the environmental policy is fulfilled and it has not been able to affect the economic policy of the organisation. In other words, an effective environmental policy, need to have a balance between economic and environmental development of the society. Through investigation is also one of the major features of a good environmental policy. With the help of this investigation, it is possible to collect the data about the effectiveness of the environmental policy. However, in this context, it is important to investigate the root cause and effect of environmental degradation and also the effect of this degradation upon the lifestyle of human beings. Calel and Dechezlepretre (2016), have forecast up on the fact that an effective environmental policy system needs to have a well-defined system that can help to bring about timely modification. The policy of green environmental tourism is one of the major examples of effective planning of the Australian tourism department. The elements of this policy focus upon conservation of the natural resources. It can be said in the context that with the development of the tourism sector in Australia in the last few years there has been a tremendous pressure on the local ecosystem. One of the main purposes of this green tourism environmental policy is to raise the Awareness of the local tourist about the importance of environmental condition in order to sustain the tourism industry. The environmental baseline data is one of the major sources of information that has been used in the official system of the policy-making. The tourism department of Ireland has also implemented good environmental policy practice in order to sustain the natural resources. Ireland is one of the top destinations for all International tourists. There are approximately 250 organisations within the tourism industry of Ireland that has put a lot of pressure on the natural resources of the tourist destination. With method of annual survey and data collection process the tourism department of Ireland as implemented the good environmental policies, which has helped to raise the awareness of the Tourists and also help in the sustainable growth development of the tourism industry. One of the major examples of the poor environmental policy is that of China, where the government has not been able to deal with the environmental harm caused due to excess of electronic wastes. China is the worlds biggest exporter and manufacturer of electronic goods. However, due to the poor policy of e-waste management, it is not possible for the nation to prevent the harmful radiation effects that are caused due to the poor exposure of the waste products (Day 2016). Stakeholders of the Environmental Policy The Government of Australia is the major stakeholder group in the environmental policies that are being implemented in tourism and other business sectors. It is the duty of the environment department of the government collects the detailed information and data about the condition of the environment and the rate of expenditure of the natural resources that can be a major threat to environmental degradation (Kraft 2017). It is also important to note in the context that the management board of various business organisations have the duty to ensure that correct environmental policy is being implemented within the overall business. With the help of most of the environmental policies, it is important to ensure that proper path of sustainable development is being followed. The people of the society are also one of the major important stakeholders of the environmental policies. This can be said that all the major decisions that are implemented within the environmental planning have direct effect on the lifestyle of the people (Bergstrom and Randall 2016). Conclusion It is important to have an effective environmental policy that can help on the path of sustainable development. It is important to use effective theory related to environmental planning that can help to collect valuable information about the natural resources. This is an important part of the making of an effective environmental policy. The green tourism policy of the Australian government is one of the major examples of good environmental policy that has helped to restore the balance of the Australian tourism industry. Reference Bergstrom, J.C. and Randall, A., 2016. Resource economics: an economic approach to natural resource and environmental policy. Edward Elgar Publishing. Calel, R. and Dechezlepretre, A., 2016. Environmental policy and directed technological change: evidence from the European carbon market. Review of economics and statistics, 98(1), pp.173-191. Day, K.A., 2016. China's environment and the challenge of sustainable development. Routledge. Dechezleprtre, A. and Glachant, M., 2014. Does foreign environmental policy influence domestic innovation? Evidence from the wind industry.Environmental and Resource Economics, 58(3), pp.391-413. Finkbeiner, M., 2014. Product environmental footprintbreakthrough or breakdown for policy implementation of life cycle assessment?. Hsu, A. and Zomer, A., 2016. Environmental performance index.Wiley StatsRef: Statistics Reference Online. Kraft, M.M.E., 2017.Environmental policy and politics.Taylor Francis. lander, F. and Thgersen, J., 2014.Informing versus nudging in environmental policy.Journal of Consumer Policy, 37(3), pp.341-356.