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

Global Warming has led to climatic changes across the globe. To conserve the environment from these greenhouse gases, Governments across the planet, collectively are enforcing new policies to reduce pollution. While some

people

believe that the new

reforms

introduced by these authorities

is

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are

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harming a

lot

of business, others claim that

this

may bring

a

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the

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best opportunity for innovation. I strongly agree with the

later

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latter

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people

as

i

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I

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believe these

reforms

will help

people

find alternatives and create new ideas while keeping the welfare of the environment in mind.

Firstly

, the policies induced by the government are to benefit

the

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apply

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nature. Industries that consume a

lot

of fossil fuel for

producting

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producing

goods emit a

lot

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oflot

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pollutants in the environment. Restricting

such

companies by imposing heavy taxes can encourage businesses to find alternate eco-friendly methods for production. These measures will definitely reduce the profit margins of these manufacturers but ultimately bring about more benefits in the future.

For Example

, numerous clothing brands in Sweden started producing eco-friendly clothes after the government

impleted

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implemented

completed

various

reforms

on these companies which caused a

lot

of pollution.

Furthermore

, These

reforms

have led to plenty of new business opportunities

to

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for

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new companies. High Fuel

prices

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Prices

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and

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scarcity

scarsity

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the scarsity

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of resources motivated the idea of inventing electric cars.

For instance

, Countries

Australia

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in Australia

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,

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apply

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introduced additional taxes on

people

owning more than a car per family.

This

undeniably reduced the traffic congestions on the roads

moreover

, reduced the pollution rate of the country.

On the other hand

, it encouraged

the

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apply

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people

to opt for

electric powered

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electric-powered

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cars. In conclusion, Though these

reforms

can affect the stability

for

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of

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many

business

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businesses

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for

a

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the

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short term, they will definitely bring benefits overall in the future.

Hence

, in my opinion, we need to focus on long term benefits and goals which can be achieved with these

reforms

.