Final answer:
Environmental policy can encourage job creation in clean energy industries and indirectly influence wages, but it does not directly lower housing costs or prioritize corporate profits.
Step-by-step explanation:
Environmental policy can have various impacts on a city's economy. One major impact is the encouragement of job creation in clean energy industries. When a city implements environmental policies that promote and support renewable energy sources, such as solar or wind power, it can lead to the establishment of new businesses and job opportunities in these sectors.
Additionally, environmental policies can result in the need for employers to comply with stricter regulations and standards related to environmental protection. This might include implementing eco-friendly practices or investing in green technology, which could increase production costs and possibly result in higher wages for workers. However, it is important to note that this is not a direct requirement of environmental policies.
Lowering the cost of housing in city centers is not directly related to environmental policy. It would depend on specific urban planning and housing policies, which are not solely determined by environmental considerations. Lastly, giving corporations more freedom to earn profits is not a primary objective of environmental policies. While regulations can be designed to balance economic growth and environmental protection, the core focus is typically on safeguarding the environment.
Learn more about The impact of environmental policy on a city's economy