There is an argument raging on the effects of climate change reforms. Some people feel that such reforms will affect businesses negatively, while others opine that it is a chance for new businesses to thrive. I believe that climate change reforms will open up a whole new world of opportunities for companies. This essay will discuss whether climate change reforms will be a boon for businesses or spell their doom.
On one hand, climate change policy could have a detrimental effect on some industries. Burning of fossil fuels is the number one contributor to the reduction of the greenhouse gases in our atmosphere. Totally banning such industries will significantly affect the lives of millions of people employed in this industry. For example, the coal industry would suffer heavy losses if its production were to be regulated or halted. Such policies could be put on hold or deferred till the time alternate sources of energy are fully viable.
On the other hand, any change in the policies on climate change could be a boost for industries researching and providing cleaner sources of energy. These sources of energy produce low or zero carbon emissions thus helping in reducing pollution. To illustrate, there has been a rise in the number of solar panels installed in building societies. These not only provide energy with zero emission but they are also a renewable source of energy.
To summarise, any change in climate change policy will have adverse or beneficial effects to certain industries. These companies could be totally wiped out or could see an increase in their revenues. My belief is that, companies will see these reforms as a blessing and will adapt themselves to survive.
There is an argument raging on the effects of
climate
change
reforms
.
Some
people
feel that such
reforms
will affect businesses
negatively
, while others opine that it is a chance for new businesses to thrive. I believe that
climate
change
reforms
will open up a whole new world of opportunities for
companies
. This essay will discuss whether
climate
change
reforms
will be a boon for businesses or spell their doom.
On one hand,
climate
change
policy
could have a detrimental effect on
some
industries
. Burning of fossil fuels is the number one contributor to the reduction of the greenhouse gases in our atmosphere.
Totally
banning such
industries
will
significantly
affect the
lives
of millions of
people
employed in this
industry
.
For example
, the coal
industry
would suffer heavy losses if its production were to
be regulated
or halted. Such
policies
could
be put
on hold or deferred till the time alternate
sources
of
energy
are
fully
viable.
On the other hand
, any
change
in the
policies
on
climate
change
could be a boost for
industries
researching and providing cleaner
sources
of
energy
. These
sources
of
energy
produce low or zero carbon emissions
thus
helping in reducing pollution. To illustrate, there has been a rise in the number of solar panels installed in building societies. These not
only
provide
energy
with zero emission
but
they are
also
a renewable
source
of energy.
To
summarise
, any
change
in
climate
change
policy
will have adverse or beneficial effects to certain
industries
. These
companies
could be
totally
wiped out or could
see
an increase in their revenues. My belief is that,
companies
will
see
these
reforms
as a blessing and will adapt themselves to survive.