6. PROTECTING THE ENVIRONMENT AND ECONOMIC …

16. PROTECTING THE ENVIRONMENT AND ECONOMIC GROWTH: TRADE-OFF OR GROWTH-ENHANCING STRUCTURAL ADJUSTMENT? 2 Summary While environmental sustainability is an integral part of the Lisbon strategy, protection of the ENVIRONMENT and ECONOMIC growth are often seen as competing aims. Proponents of tighter environmental regulation challenge this view. They highlight the financial benefits of increased eco-efficiency and the emergence of a European eco industry with million of jobs together with the need to improve how we protect public health and manage natural resources. European industry and business, meanwhile, often claim that tightened European environmental regulation is hampering their growth, undermining their international competitiveness, and destroying jobs, and will force them to eventually relocate their activities to emerging market economies outside the EU.

conserving non-renewable commodities such as fossil fuels or industrial metals, ... drinking-water reservoirs) or made subject to specific conditions (such as paying a tax or an environmental levy or ... and because the private rates of return for local and regional pollution are closer to social rates than for global commons.

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  Environment, Return, Commodities, Levy

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