How can policymakers balance the competing interests of economic growth and environmental sustainability when developing government regulations to promote the common good?

Policymakers can balance economic growth and environmental sustainability by implementing regulations that encourage innovation and investment in sustainable practices. This can include offering incentives for businesses to adopt environmentally-friendly technologies and practices. Additionally, policymakers can conduct thorough cost-benefit analyses to ensure that regulations promote both economic growth and environmental protection. Collaborating with stakeholders, including businesses, environmental organizations, and the public, can also help policymakers develop regulations that strike a balance between economic growth and environmental sustainability.

Keywords

policymakers economic growth environmental sustainability government regulations common good

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