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.

Nowadays, a wide range of compliances has been imposed on the businessman to protect the environment.

Although

it is claimed by some people that these deterrents will put adverse influences on the

business

, other individuals believe that transformations of

business

for saving the ecosystem will help to grow the

business

. In my opinion, the businessman will get a fresh path to accelerate their industry despite having many adverse impacts.

To begin

with, companies are operating their

business

upon complying with strict rules and regulations in order to protect the earth from

climate

variation.

In other words

, 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

, 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

creating extra pressure on the financial condition.

Thus

, the transformation of

climate

change

is adversely affecting the

industries

.

On the other hand

, reformation initiatives of

climate

change

have widened the horizon of the

business

. To elaborate, as new

business

ideas and fresh forms of products have been introduced, the

industries

are now able to expand their

business

.

Consequently

, the growth, as well as earnings of these

industries

, has been increasing.

For example

, due to the rise of bio-degradable bags, the jute product manufacturing

industries

of Bangladesh are now producing environment-friendly bags, which augmented their profits. Many

industries

are,

therefore

, able to get new opportunities with the rise of awareness related to environmental protection In conclusion, many

industries

have grabbed the opportunity to accelerate their

business

in the era of

climate

change

despite many newly imposed rules and regulations. In my opinion, transformations of

business

due to

climate

change

have provided companies with more ways to expand their

business

and amplify their income.