Final answer:
Environmental policy can impact a city's economy by encouraging job creation in clean energy industries, requiring employers to pay higher wages, and indirectly influencing housing costs. However, giving corporations more freedom to earn profits is not a likely outcome of environmental policy.
Step-by-step explanation:
Environmental policy can have various impacts on a city's economy. One way is by encouraging job creation in clean energy industries. For example, policies that promote renewable energy sources like solar or wind power can lead to the establishment of new companies and the hiring of workers in these fields. This not only benefits the environment but also provides economic opportunities for the city.
Another possible impact is that environmental policies may require employers to pay their workers higher wages. For instance, if a city implements regulations that prioritize fair wages and better working conditions, businesses would need to adapt and compensate their employees accordingly. This can help uplift the local economy by improving the overall income and purchasing power of the workforce.
Lowering the cost of housing in city centers is not a direct effect of environmental policy. However, some policies may indirectly influence housing costs by promoting sustainable urban planning, encouraging the construction of affordable housing, or implementing initiatives to address environmental issues in specific areas. These measures can contribute to the overall well-being and livability of the city but may not directly impact the economy in terms of housing costs.
Learn more about Environmental policy's impact on a city's economy