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How Climate Change Influences Business Behavior

How Climate Change Influences Business Behavior

          
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About the Book

Adaption to climate changefor business developmentDo any businesses need to adapt to climate change to develop in themselve countries? I believe a changing climate can impact on business in any countries. The challenges include as below:1.Worse Natural environment challengeThe climate change will cause either temperature changes to fall down or raise up too much to let people feel very cold or very hot. So, if the country's weather is not very hot, but it's temperature rises up to above 30 degree, even above 40 degree for long time suddenly or if the country's weather is not very cold, but its' temperature falls down to 0 degree, even above 0 degree for long time suddenly. Then, I believe the country people will choose to leave their country to immigrate to another suitable weather of country to live long time. Also, climate changing will cause floods, river drier, storms natural disasters to impact some businesses to bring negative environment influences. For example, farming industry, food supply chain, e.g. supermarket retail industry. Moreover, climate changing also brings much cost expenditure to any country governments, e.g. beyong property damages, the floods also impacted the economy and influences the ability of workers to access work, water shortages, impacts on water quality.2.Labour supply challengeThus, in global business environment, climate change will impact global economy. For example, The effect and long run effects of climate change will most certainly be negactive for global economic activity. Damage to the global capital stock and shortage to labour supply will reduce to productivity, due to the worse climate changing environment countries' people will choose to immigrate to the better climate environment countries to cause the worse climate changing environment countries' population to be reduced to bring its labour supply numbers also be decreased. If many young aged high or low educational people chose to leave their countries to immigrate to the better climate countries to live in the long time suddenly. Then, the worse climate countries will lose many labour supply in long time. Although, any manufacturing or service or retail industries will have many jobs to supply, but the labor demand will reduce to cause poor business environment to the bad climate countries. 3.Inflation challengeAlso, inflation will increase as production is cut to be fall down, due to shortage of labor supply challenge brings any manufacturing product supply number is also decreased. Particularly real incomes and spending in the worse climate changing countries. Thus, inflation is likely to rise over time, driven by rising food prices and an increase in the cost of energy. Although, the climate of some countries is predicted to become more accommodative to agricultural yields in the medium term, but the long-run implications of rising temperature are likely to reduce global crop yields overall. Also, costs are also likely to increase through higher insurance changes. But premiums in climate risk areas are increased, feeding into higher costs for businesses and homeowners. From this perspective, the cost of climate changes are already affecting global activity.1.1Scientists' opinions of quantifying the impact on activitySome scientists gave opinions to indicate that how climate damage functions of quantifying the impact on activity. They showed to value the future loss in economic output attributable to climate change produces a range of estimates which vary according to views about whether a fipping point is reached between 2 to 4 degree warming. In a worst cause scenario, global warming could be seen to reduce annual GDP growth by over 1 % between the present day and 2080 year.


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Product Details
  • ISBN-13: 9798645230029
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 254 mm
  • No of Pages: 68
  • Spine Width: 5 mm
  • Width: 203 mm
  • ISBN-10: 864523002X
  • Publisher Date: 12 May 2020
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 204 gr


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