To generalize, I would have to answer “No”. An example to consider: emission restrictions by production entities lead to new product development (filtration systems, production equipment, etc.), installation, and monitoring needs, thus creating more employment opportunities. In addition, production entities can purchase allowances for grater production of such emissions, thus paying an additional “emissions tax” – money that goes back into the economy in some capacity. In general, environmental regulations may diminish a given company’s profit in the short run, but will likely benefit the economy as a whole in the long run.
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