Some people think climate change has a negative impact on business, while others think that it provides more business options. Discuss both views and give your own opinion.

It is believed by

some

Capitalize word

Some

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that

climate

change

is detrimental

for

Change preposition

to

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companies

,

whereas

others believe that

climate

change

offers many business opportunities and so is good for

companies

. In

this

essay, I will discuss both perspectives, but I agree with the former side. On the one hand, those who believe

climate

change

negatively impacts

companies

give the following reasons.

Firstly

,

climate

change

poses a physical risk to many

companies

.

For example

, extreme weather events like hurricanes, snowstorms, and floods force many

companies

to close operations for days. Many sectors like agriculture that heavily depend on

climate

and natural resources suffer a lot because of extreme environmental conditions.

Secondly

,

climate

change

has resulted in stricter greenhouse gas emission regulations and

thus

companies

are forced to spend a lot of money to cut down their emissions and pay huge fines if they fail to do

.

Rephrase

so.

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On the other hand

, there are many reasons why some people believe that

climate

change

is beneficial for

businesses

. The most important reason is that

climate

change

spurs innovation, inspiring new products and services which are environment-friendly.

For example

, global carmakers are transitioning to electric vehicles, energy

companies

are shifting towards renewable energy.

Climate

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The climate

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crisis has led to the growth of many

companies

that make green products. Many

businesses

have found success by catering to consumers who make environmentally-conscious choices when they shop. From large multinationals to local start¬ups, all

companies

are capitalizing on the green revolution.

Companies

are

also

able to reduce their operational costs by being more energy-efficient. I believe

climate

change

is damaging to

businesses

.

In addition

to the increasing operational costs like significantly higher air condition expenses,

businesses

also

face competition from new start-ups that offer cleaner products. Another

climate

-related risk to

companies

is the legal repercussions

for

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of

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emitting greenhouse gases.

For example

, recently fossil fuel

companies

have faced many legal cases for damaging the environment.

This

also

damages a company’s reputation and in extreme cases can lead to consumers boycotting them In conclusion, I believe that

climate

change

has many adverse business outcomes like higher operational costs, legal challenges, and reputation damage.