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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 that climate change is detrimental for companies, whereas others believe that climate change offers many business opportunities and so is good for companies. In this essay I will discuss both the 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 operation for days. Many sectors like agriculture that heavily depend on climate and natural resources suffer a lot because of extreme environmental conditions. Secondly, in order to comply with regulations on greenhouse gas emissions, companies have to spend a lot of money on upgrades to polluting facilities and on the installation of emission control systems. 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 environmental friendly. For example, global carmakers are transitioning to electric vehicles, energy companies are shifting towards renewable energy. Climate crisis has led to 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 startups, 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 for businesses. In addition to the increasing operational costs related to new technologies and new regulations, businesses also face competition by new startups that offer cleaner products. Another climate related risk to companies is the legal risk and potential liability for emitting greenhouse gases. For example. in the recent years a lot of legal cases have been brought against fossil fuel companies and they have been held accountable for the damaging effects of climate change. This also damages a company's reputation and in extreme cases can lead to consumer boycotting them. In conclusion. I believe that climate change has many adverse business outcomes like higher operational costs, legal challenges and reputation damage.
It
is believed
by
some
that
climate
change
is detrimental for
companies
,

whereas others
believe
that
climate
change
offers
many
business
opportunities

and
so
is
good
for
companies
. In this essay I will discuss both the 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 operation for days.
Many


sectors like agriculture that
heavily
depend on
climate
and natural resources

suffer a lot
because
of extreme environmental conditions.
Secondly
, in order to

comply with regulations on greenhouse gas emissions,
companies
have to
spend

a lot of
money on upgrades to polluting facilities and on the installation of

emission control systems.

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

environmental friendly.
For example
, global carmakers are transitioning to

electric vehicles, energy
companies
are shifting towards renewable energy.

Climate crisis has led to 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 startups, 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 for
businesses
.
In addition
to the

increasing operational costs related to
new
technologies and
new
regulations,

businesses
also
face competition by
new
startups that offer cleaner products.

Another
climate
related
risk
to
companies
is the legal
risk
and potential liability

for emitting greenhouse gases.
For example
.
in
the recent years
a lot of
legal

cases have
been brought
against fossil fuel
companies and
they have
been held


accountable for the damaging effects of
climate
change
. This
also
damages a

company
's reputation and in extreme cases can lead to consumer boycotting

them.

In conclusion
. I
believe
that
climate
change
has
many
adverse business

outcomes like higher operational costs, legal challenges and reputation damage.
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IELTS essay Some people think climate change has a negative impact on business, while others think that it provides more business options.

Essay
  American English
13 paragraphs
370 words
6.0
Overall Band Score
Coherence and Cohesion: 5.5
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.5
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 6.5
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
Labels Descriptions
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    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
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