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.

While certain people believe that

climate

rules will bring disadvantages to companies, others argue that corporations can exploit

this

opportunity.

This

essay agrees that

climate

change

laws are more advantageous for business in terms of profit and reputation.

Climate

change

regulations are regarded as a negative aspect of business operation by a specific group of people.

This

type of rule could potentially add exorbitant cost to companies’ processes and practices.

This

extra cost comes from replacing their existing operations with more sustainable environmental tools and methods.

Therefore

, it might put the company in a complicated position,

such

as bankruptcy. A recent study made by Oxford University found that 76% of businesses went for bankruptcy because of environmental rules.

Conversely

,

climate

change

policy would open an avenue of profits for corporations if they knew how to make

this

policy work for their advantage. Not only does it increase their profit, but

also

it enhances their reputation.

In other words

, 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

change

law may impose challenges on business

such

as high expense, it can be regarded as a chance to gain more profits and public popularity. I think

this

reform has more benefits for companies rather than drawbacks.