climate change and economy
As the weather worldwide is not as stable as previously, businesses based on agriculture and animal husbandry may suffer from unexpected challenges, while some entrepreneurs deem these changes as an opportunity and embrace and celebrate it. Personally, climate change, in most cases, impeding business flourish.
Farmers are the most vulnerable group in terms of intensive climate variety. The high temperature and droughts bring both scarcities in crop yields and great loss in livelihoods, rendering the peasantry a helpless and adverse place. However, the situation is even worse for businesses related to mariculture when typhoons and Tsunami strikes. The ocean is both a blessing and a curse for human being especially those who live on it. On the one hand, the ocean provides various nutritious food supplies, boosting economic development as well as tourism. On the other hand, the moody temper of the ocean may increasingly swallow the mariculture industry and deprive tens of thousands of lives of innocent fishers. At the same time, the rising sea level and loss of green land due to global warming appear less attractive for travelers thus massively decreasing the profits of the tourist industry. In this aspect, the extreme weather that is accompanied by climate change poses a formidable negative impact on traditional businesses that rely heavily on nature environments.
Climate change forces humankind to actively explore and discover new ways in face of these challenges. In other words, it fosters technological innovation and working pattern alternation, requiring not only climate change-specific skills in workers but also solutions to adapt to the consequences of the volatile climate. The transformation of energy resources is a good example to illustrate. After the prohibition of coal exploitation, solar energy has seen great proliferation. Besides, policy constrains greenhouse gas emissions, not stifling the vehicle production industry, but encouraging investment and dedication in researching electronic-based transportation.
In conclusion, the opportunity brought through climate change fails to counteract the challenge it exerts on traditional business, yet the latter appears to be a more immediate and pressing issue.
