Some people think that climate change could have negative effect on business. Others think that climate change could create more business opportunities. Discuss both views and your own opinions.
In contemporary times, a drastic change in the climate in all regions of the world has been observed. This phenomenon has alarmed some experts who fear that this would fetch an umpteen number of disadvantages for businesses; however, the other lobby dissents and thinks otherwise. This essay intends to discuss both views.
To embark upon discussion, the change in weather conditions could have adverse effects on several businesses which could lead to enormous amounts of loss on the economic front. To exemplify, crops require specific climatic conditions in order to yield a rich harvest. Increase in temperature or water content in the atmosphere could result in harming the crops, affecting the overall agricultural productivity, and leading to financial loss to farmers. Moreover, this shift has caused several glaciers to melt due to notable rise in the temperatures, which has increased the sea levels to a great extent, exposing many coastal cities to a threat of submerging and endangering several businesses dwelling in those areas.
Nevertheless, there are a few who claim this process to be beneficial and propound that it would help several businesses to prosper. Due to change in environmental conditions, many companies would endeavour into innovating new products to address the transforming requirements; hence, creating several new job opportunities and rendering more profits. For instance, to deal with the deteriorating quality of air because of change in climatic conditions, a company started building large air purifiers which have been installed in many countries to decontaminate the air. This has fetched enormous amounts of revenues to the organization.
Overall, despite both views being justified, I personally side with the view that such change in weather would be more disastrous to businesses and will result in greater economic loss to the many.
