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

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Nowadays, a wide range of compliances has been imposed on the businessman to protect the environment.
Although
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it is claimed by some people that these deterrents will put adverse influences on the
business
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, other individuals believe that transformations of
business
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for saving the ecosystem will help to grow the
business
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. In my opinion, the businessman will get a fresh path to accelerate their industry despite having many adverse impacts.
To begin
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with, companies are operating their
business
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upon complying with strict rules and regulations in order to protect the earth from
climate
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variation.
In other words
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, since the government and authorities are imposing many restrictions and barriers to saving the ecosystem, corporations are facing a harsh and hostile trade environment.
For instance
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, corporate taxpayers of Bangladesh have to set aside a myriad amount for green finance fund, a total of ten per cent of their revenue. Undoubtedly, these environment conservation related funds are not only reducing the return of the organization but
also
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creating extra pressure on the financial condition.
Thus
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, the transformation of
climate
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change
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is adversely affecting the
industries
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.
On the other hand
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, reformation initiatives of
climate
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change
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have widened the horizon of the
business
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. To elaborate, as new
business
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ideas and fresh forms of products have been introduced, the
industries
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are now able to expand their
business
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.
Consequently
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, the growth, as well as earnings of these
industries
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, has been increasing.
For example
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, due to the rise of bio-degradable bags, the jute product manufacturing
industries
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of Bangladesh are now producing environment-friendly bags, which augmented their profits. Many
industries
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are,
therefore
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, able to get new opportunities with the rise of awareness related to environmental protection In conclusion, many
industries
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have grabbed the opportunity to accelerate their
business
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in the era of
climate
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change
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despite many newly imposed rules and regulations. In my opinion, transformations of
business
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due to
climate
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change
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have provided companies with more ways to expand their
business
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and amplify their income.
Submitted by un4given.rd on

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