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

It is a contentious issue that the transformation of
climate
will have an adverse effect on the
business
. Some people are in its favour whereas others feel that it will be a chance for
business
to grow more.
This
essay will discuss both sides and
then
lead to my opinion in the conclusion.
To begin
with, after the implementation of various
reforms
regarding
climate
change, a lot of restrictions have been imposed on
utilisation
Correct article usage
the utilisation
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of greenhouse gases in many
business
sectors. To cite an example, a survey conducted by The Guardian Newspaper in March 2015 revealed that 65% of car and air conditioner manufacturers had been facing a loss of $10 million every year in the USA since the government issued strict policies regarding the ban on the use of
such
gases.
Hence
, these industries have to purchase costly
environment friendly
Add a hyphen
environment-friendly
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alternatives.
In addition
, not only do these firms require updated technology according to
reforms
,
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apply
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but there are
also
various kinds of taxes to be paid and all these factors affect the
business
sector negatively.
On the contrary
, since many nations have issued many reforming policies related to climatic changes,
this
approach has given multifarious opportunities to many
business
fields. Primarily, the sectors related to solar and wind power have tremendously emerged as big firms.
For example
, the businesses related to the supply of solar panels to supply hot water and support heating systems in houses
among
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in
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many countries have observed
35
Correct article usage
a 35
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% increase in their sales.
Moreover
, solar power car engines are being constructed by new transportation companies like Tesla and certainly, it is a good time to adopt a futuristic approach by many firms to hinder
the
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apply
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climate
changes
Fix the agreement mistake
change
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. To conclude, it is unequivocal that
although
a segment of society opine that
climate
change
reforms
are an obstacle
for
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to
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the working of many businesses, I advocate that these
reforms
give a pavement to the emergence of new businesses in various sectors.
Submitted by Mrjit147 on

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