Some people think that climate change could have a negative effect on businesses. Other people think that climate change could create more business opportunities. Discuss both views and give your own opinion.
Climate change is a very important factor that affects both our personal lives and businesses. Over the years, there have been severe climate changes the world over, like a rise in temperatures and sea level and melting of glaciers. Some people think it would have negative effects, while others think it can open more business opportunities. I intend to discuss both views, and I personally think they are both correct.
There are several reasons why climate change has negative effects that would bother business owners. To start with, a drastic change in the weather can be harmful to health, and health is wealth. For instance, intense heat waves can cause hyperthermia, heat rash, and the human body will suffer from overheating. Also, people may move from a place if the climate changes to a more favourable environment, which is a disadvantage to the local businesses. Agriculture will certainly be affected, and food production will drop due to weather fluctuations, an increase of pests and weeds. Everyone connected to the sector will be affected.
Nevertheless, every misfortune can be a blessing. If people play their cards right, profits can be made from a crisis. One of the ways is to take advantage of the demand that arises from climate change. The beauty industries have taken advantage of the damaging effects of harmful sun rays. It has increased the demand in research for ways to moisturize as well as protect the skin from sunburns, flakiness, and many more. There are several proposals to counteract the effect of climate change, like planting more trees, investment in renewable energy, reduction of waste, water preservation, and preservation of natural resources. People are creative and innovative. Humans are adaptable and will surely find other ways of doing things that will offer new and unexplored services, as was the case with Covid 19 and its impact on how the world does business. Work from home is now desirable, online businesses have increased tremendously, and delivery services have improved worldwide.
To conclude, it can be said that climate change is not desirable for most businesses because it can cause losses or a complete shutdown. It is, however, fundamental to note that people will rise up to the occasion when presented with a crisis, and businesses can be created.
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