Some people argue that climate change has negative effects on business, while other people believe that climate change could create more opportunities to business. Discuss both these views and give your own opinion.

In recent times,

climate

change

has become the talk of the town.

People

are discussing

the

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climate

change

more often than ever. Currently, the earth temperature is increasing by more than 3 degrees on an annual basis due to shifts in weather. To keep a check on

this

rapid temperature

change

, governments and organisations across the globe are putting in

cummulative

Correct your spelling

cumulative

efforts. While

this

change

has brought a concern to authorities, it has proven to be advantageous for many corporates in many business aspects.

First

and foremost,

this

climate

change

has added an extra burden on the finances of many global

companies

. Many corporates have been increasing their amount of Corporate Social Responsibility(CSR) towards

this

climate

change

.

For instance

, in

recent

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report by Financial Times,

companies

have increased their CSR index amount to an average of 3%, which was earlier 1%.

Furthermore

,

this

change

has clearly disrupted the demand-supply chain for

companies

. As more and more

people

are concerned about the environment, they are shifting towards the usage of eco-friendly products.

People

are avoiding buying new automobiles, Air conditioners, Refrigerators nowadays and

this

is, in turn, has increased the supply more than its demand, which creates a loss for many

companies

. Clearly,

climate

change

has shown a detrimental effect on many businesses.

However

,

this

adjustment has provided ample opportunities for many start-ups. Many communities are actively contributing to the cause to heal the planet. Many new start-ups have started businesses like manufacturing paper bags, cloth bags etc. These

companies

, by setting up the factories in rural areas, have created numerous job employment and

hence

, contributing towards the economy of the nation.

Therefore

, for many new but small corporates,

this

climate

change

is the best bet to save the planet and increase their business turnover. To conclude,

climate

transition has abrupted many businesses but has created awareness among

people

to save mankind. Many

companies

have joined hands together to fight against

this

temperature variation and with their continuous efforts,

this

planet would become a better place again.