Some people think that climate change has negative effects on business, while other people believe climate change creates more opportunities for business. Discuss both views and give your own opinion.
People have different views as to the impacts of climate change on business. While there may be some opportunities hidden in this change for some companies, I firmly believe that it would put most of them under serious threat.
According to some people`s understanding, climate change can be a great opportunity for many companies, especially for those featured by being environmentally friendly. For example, with the great call for reducing carbon dioxide emissions so that the trend of global warning can slow down, many governments have introduced policies to greatly subsidize the development of companies that make electric cars and provide follow-up service. As a result, these companies make an enormous profit from an increasing number of consumers who choose to buy and drive their cars.
In spite of the above arguments, I would still argue that climate change can be more detrimental to most companies. Firstly, stricter environmental laws will make them spend extra money on controlling the quantity of carbon dioxide emitted during the process of producing their goods. What is worse for some small companies that produce chemical products, they may have to be closed for the sake of protecting the environment. Secondly, climate change makes extreme weather happen more often than before. This means many areas might have to suffer from natural disasters like floods, tornadoes and hurricanes. Once any of them strikes, almost no companies, including those making electric cars, can remain totally unaffected.
In conclusion, although climate change can provide some companies with new opportunities in the short term, it is more harmful to the healthy development of business in the long run.