Dirty subsidy
Encyclopedia
A dirty subsidy is a payment or incentive by a government
to a private corporation
(or another level of government) that encourages waste
of raw materials, natural resources
, energy
, or results in pollution
or other human health hazards.
Green economics often focuses on the impact of eliminating such subsidies, and implementing what is sometimes called full cost accounting although the notion of a "cost" is so political as to render this phrase almost meaningless. Green politics
focuses on actually eliminating the subsidies by seeking change to agricultural policy
and industrial policy
, as well as tax, tariff and trade
rules that favor imports from jurisdictions that offer such subsidies.
Government
Government refers to the legislators, administrators, and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized...
to a private corporation
Corporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...
(or another level of government) that encourages waste
Waste
Waste is unwanted or useless materials. In biology, waste is any of the many unwanted substances or toxins that are expelled from living organisms, metabolic waste; such as urea, sweat or feces. Litter is waste which has been disposed of improperly...
of raw materials, natural resources
Natural Resources
Natural Resources is a soul album released by Motown girl group Martha Reeves and the Vandellas in 1970 on the Gordy label. The album is significant for the Vietnam War ballad "I Should Be Proud" and the slow jam, "Love Guess Who"...
, energy
Energy
In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...
, or results in pollution
Pollution
Pollution is the introduction of contaminants into a natural environment that causes instability, disorder, harm or discomfort to the ecosystem i.e. physical systems or living organisms. Pollution can take the form of chemical substances or energy, such as noise, heat or light...
or other human health hazards.
Green economics often focuses on the impact of eliminating such subsidies, and implementing what is sometimes called full cost accounting although the notion of a "cost" is so political as to render this phrase almost meaningless. Green politics
Green politics
Green politics is a political ideology that aims for the creation of an ecologically sustainable society rooted in environmentalism, social liberalism, and grassroots democracy...
focuses on actually eliminating the subsidies by seeking change to agricultural policy
Agricultural policy
Agricultural policy describes a set of laws relating to domestic agriculture and imports of foreign agricultural products. Governments usually implement agricultural policies with the goal of achieving a specific outcome in the domestic agricultural product markets...
and industrial policy
Industrial policy
The Industrial Policy plan of a nation, sometimes shortened IP, "denotes a nation's declared, official, total strategic effort to influence sectoral development and, thus, national industry portfolio." These interventionist measures comprise "policies that stimulate specific activities and promote...
, as well as tax, tariff and trade
Tax, tariff and trade
The tax, tariff and trade laws of a political region, state or trade bloc determine which form of consumption and production tend to be encouraged or discouraged...
rules that favor imports from jurisdictions that offer such subsidies.