It is almost undeniable at
this
point that
climate
change
might be the most dangerous threat that humanity has to encounter and will need to be addressed immediately. Even though an abrupt
change
in
climate
around the world might force
people
to adjust their way of living and
therefore
, give new ideas for
businesses
to come up with new
products
. I believe that in long term the impacts that
climate
change
has on both
people
and
businesses
around the globe will trump its benefit and I will elaborate more on
this
in the following paragraphs.
First
and foremost,
climate
change
does not just mean that the storms will be more severe or there will be floods more often.
Change
in
climate
includes the rise in overall temperatures and sea levels around the world. A slight
change
in the environment could potentially harm numerous animal species and natural habitats and completely
change
those areas forever. Lands that are suitable for farming and growing crops might be affected by
this
environmental issue, combined with unpredictable weather could halt the production of raw outputs that will be used in producing goods later on.
Moreover
, with
climate
change
becoming more severe, a lot of areas will be underwater in the future which will force
people
to lose their homes and way of living. And
as a result
, they are likely to lose their ability to spend on goods and
products
which in long term will lead the economy into a recession and negatively affect the business. Most importantly, Unsustainable business practices and one of the main factors that help accelerate
climate
change
.
Hence
, the faster
businesses
try to come up with new goods by using immoral practices and destroying natural resources, and emitting pollution and toxic chemicals to the environment, the more severe
climate
disasters are going to be. It is a vicious cycle that needs to be broken by the cooperation of
people
, governments, and most importantly the
businesses
themselves.
On the other hand
,
businesses
can still be benefited from these changes in the environment which will eventually lead to
people
having to adjust their lifestyles.
For example
, air pollution and PM 2.5 problems have been one of the most prominent issues for Thai
people
over the past 5 years. Because of
this
issue, a lot of
people
were forced to wear masks when going outside even before COVID and air purifier quickly became the default electronic appliance that every house needs to have which in a way, helped
businesses
to thrive and quickly innovate better
products
for the market to keep up with the high demand.
In conclusion, it is possible that
climate
change
will give an idea for
people
to invent new
products
and have positive impacts on business but
this
tiny advantage is comparable to catastrophic results that
climate
change
can bring upon us.