You should spend about 40 minutes on this task.
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.
Give reasons for your answer and include any relevant examples from your knowledge or experience.
Write at least 250 words.
The concept of climate change triggers many meaningful debates across the world. The case is same in the business sector too, when a group thinks it ruins the business, others think just the opposite. Both opinions have their own gravity and a detailed discussion is needed before framing a logical conclusion.
On the one hand, the former group ascertains that multiple business sectors suffer loss due to this uncommon phenomenon, and this includes agriculture, tourism, and the local commercial sectors. When the agrarian sector is affected, it has a deep impact on almost all sectors. For instance, the scarcity of food products leads to price rise of many other products in the market and would result in the plunge of their demand. The case is similar in the tourism industry, which brings a huge amount of revenue to many countries. Not only the sight-seeing, but also educational and health tourism are affected due to this. It also affects the local business sectors including trade and transport.
On the other hand, the opposing group highlights that it opens a wide door of opportunities to business sectors including health, fashion and e-commerce. In the case of health, one of the key business sectors today, climate change would increase the share of profit by means of commercializing health-maintenance products and related treatment options. Likewise, when the fashion and cosmetic industry is concerned, products which enhance comfort and convenience along with protection from the adverse effects of this change would roll in a lot of money. The case is so similar in the sector of e-commerce, as it is expected to grow faster as traditional distribution chains might break.
After analyzing both views in detail, it is clear that climate change and business sectors are closely related. However, I think the effects of this change may be either positive or negative, depending on diverse situations.