Should we be willing to pay higher prices to protect environment?

14 Jan Should we be willing to pay higher prices to protect environment?

“Environmental protection agency (EPA) establishes and enforces environmental regulations. The government has imposed many penalties in case organizations do not adhere to the given guidelines. Such restrictions ultimately end up raising production prices of the goods. The government also offers subsidies and benefits to those who comply which diverts tax revenues from other uses, such as schools, hospitals, highways but raise consumer prices by increasing costs.
Proponents believe higher prices should be a puny concern while addressing a problem, which left unchecked can lead to a global disaster. Opponents argue that U.S citizens should not be at a disadvantage and propose that more pressure should be built on non-complaint countries like China, India, and Brazil.
What do you think? Should we be willing to pay higher prices to protect the environment?
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