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In its original emergence the Polluter Pays Principle aims at determining how the costs of pollution prevention and control must be allocated: the polluter must pay.
But if the costs of pollution are mainly borne by others, the polluter will make more widgets and thus pollute more than he otherwise would – imposing higher costs on others.
Capitalism is heading the planet to environmental catastrophe, because the costs of pollution and environmental degradation are not borne by the polluter or the degrader.
Society bears the costs of pollution and wasted time.
The costs of pollution have mounted well before it is ready to curtail economic development.
Nor does GDP take account of the hidden costs of pollution, for example.
Many communities are revealed as economically unviable if the costs of pollution and congestion are taken into account.
As with "sin taxes" on cigarettes, the taxes also alleviate some of the societal costs of pollution.
And since the party takes credit for the benefits of growth, it gets blamed for the costs of pollution.
Conservative critics of environmental rules often overstate the potential costs of pollution controls and discount the benefits.
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They must shift their attention to include the opportunity costs of pollution wasted resources, wasted effort, and diminished product value to the customer.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com