Going Green: (Financially) Good or Bad For the United States Environment and Economy

Positive Effects (On Nature) On the United States Environment

The consideration of the environment in the framework of corporate governance requires adjustments in the various areas of business decision. The "additional" costs introduced by the extent of environmental restrictions and the use and application of economic instruments and tax thereon, entails considering the various subsystems within the company (financial, human resources, management, and production. Adopting environment-friendly practices in business has gradually become the success secret of most of the modern enterprises in the United States, through which they do not only seek to position a better image before the customers but also aim to attain financial efficiencies in their business (White, pp. 33). The companies can realize both positive and negative effects in its financial aspects which contribute towards its growth or decline. Let us see the effects that create positivity on the environment of the United States through going green.

When a company chooses to “go green”, this which means that the company decided to adopt environmentally friendly practices. While the term may be used in a number of different contexts, it often refers to improvements, the company has made in energy efficiency and emissions of greenhouse gases and pollution. In addition to helping improve the environment, going green can be profitable as a company reduces the amount of money it spends on energy-related costs and emissions. One of the most common ways that a company will attempt to go green is to reduce the amount of energy it uses (Bebbington & Gray, pp. 28). Depending on how this energy is created, this reduction will result in a reduction in the amount of chemical pollutants expelled into the environment through the production of electricity. In some cases, a company will switch how it gets its energy, replacing traditional fossil fuels with alternative energy sources and renewable.

In addition to reducing the amount of energy it uses, a company may choose to reduce the amount of greenhouse gas that adds to the environment. The amount of greenhouse gases that a company is responsible for the expulsion in the environment is known as its "carbon footprint". There are a number of different ways a company can reduce its footprint, including changing the way it produces its products and the amount and type of energy it uses (Alciatore & Dee, pp. 49-75). In some cases, governments will encourage businesses to go green by offering advice or even financial incentives. These incentives can take many forms. In the U.S., the federal government and some state governments offer tax credits for companies that make certain types of improved energy efficiency. In addition, the government can help stimulate the growth of certain types of environmentally friendly businesses, such as those that produce renewable energy through subsidies.

The global financial crisis deepens the hegemony of the United States conflict which manifests itself as a financial crisis, as a growing loss of competitiveness of its economy, the existence ...