How can governments effectively address the challenges of balancing economic growth with environmental sustainability when developing regulations to protect the common good?

Governments can effectively address the challenges of balancing economic growth with environmental sustainability by incorporating sustainable development goals into their regulatory frameworks. This can involve setting clear environmental standards and regulations that businesses must adhere to, incentivizing green technologies and practices through tax breaks or subsidies, and promoting public awareness and education on the importance of environmental protection. Additionally, governments can collaborate with businesses, non-governmental organizations, and other stakeholders to develop comprehensive strategies that prioritize both economic growth and environmental sustainability for the common good.