Summary of the material Essay Example | Topics and Well Written Essays - 500 words

Summary of the material - Essay Example The article points out that pollution is a phenomenon that can bring about great havoc to the environment and ill health to the future generations if it is not mitigated at present. It brings about into light the connection between policies that improve the overall conditions of the environment and those that prevent probable health risks. For this reason, the article epitomizes the model economy. The model economy provides for people to be insured with the notion that pollution will bring about future problems in terms of health (Wang, Zhao, and Bhattacharya). This means that with the increased pollution at present, there is a great possibility that a myriad of health problems will develop. According to the article, the provision of private companies to provide insurance for the anticipated health risks will boost the economy in the sense that taxes will come about from this initiative (Wang, Zhao, and Bhattacharya). Economics plays a major role in this subject matter. It is important to note that environmental policies are aimed to bring about sustainable environmental practices. In the recent economies, people have come to perceive the importance of bringing about green economies. Valuing the environment has not only been able to raise important revenue to governments but also bring about proper conservation and management of our environments. Curbing pollution will not only ensure that the environment is clean but also bring about monetary benefits to the government. The insurance companies will also indirectly aid in ensuring that revenue is raised while bringing about sustainability of the economy. From the article, we can distinctly see the role of environmental economics in maintaining a clean environment and healthy living. The article educates readers on the need of taking insurance cover especially with the increasing industrialization that poses