Some think that climate change reforms will negatively affect business. Others feel they are an opportunity for businesses. Discuss both sides and give your own opinion.

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While certain people believe that
climate
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rules will bring disadvantages to companies, others argue that corporations can exploit
this
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opportunity.
This
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essay agrees that
climate
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change
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laws are more advantageous for business in terms of profit and reputation.
Climate
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change
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regulations are regarded as a negative aspect of business operation by a specific group of people.
This
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type of rule could potentially add exorbitant cost to companies’ processes and practices.
This
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extra cost comes from replacing their existing operations with more sustainable environmental tools and methods.
Therefore
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, it might put the company in a complicated position,
such
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as bankruptcy. A recent study made by Oxford University found that 76% of businesses went for bankruptcy because of environmental rules.
Conversely
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,
climate
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change
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policy would open an avenue of profits for corporations if they knew how to make
this
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policy work for their advantage. Not only does it increase their profit, but
also
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it enhances their reputation.
In other words
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, offering environmentally products may generate a new stream of revenue and help to build a renowned brand. The Sunday Times recently reported that SIEMENS corporation achieved more than 35 billion dollars from selling renewal energy products, which is considered one of the highest income in the energy industry in 2018. In conclusion, even though
climate
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change
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law may impose challenges on business
such
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as high expense, it can be regarded as a chance to gain more profits and public popularity. I think
this
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reform has more benefits for companies rather than drawbacks.
Submitted by khadega.amer09 on

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Your opinion

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...do you agree or disagree?...do you think...?...your opinion...?

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