Business economics Essay Example | Topics and Well Written Essays - 3000 words

Business economics - Essay Examplergy resources, cause inundations, heat-related deaths and the fast get around of infectious diseases, as well as create serious damage to all industry sectors.Therefore, climate change is regarded nowadays as the negative solvent of the modern economic system, along with the process behind its making. It is a problem that addresses all the major players in both local and global economies the operational factors, such as businesses, the regulatory factors, such as governments, the intellectual factors, such as foundations and universities (Echegaray, et al., 2008), as well as the citizens or the consumers, which, at their turn, establish the connections between the factors mentioned above. whole of these entities have at least something to say almost climate change, and while some of the discussions are focused on finding the guilty parties, on throwing the goddamn on someone for what has been already done, others are trying to find the appropri ate solutions.I believe that businesses should understand that environmental awareness is crucial for their long-term sustainability. Companies should make love climate change as a risk and establish special risk-assessment teams to indentify its impact on the companys costs, supply chains, work practices and outputs. For example, if the winters will give out warmer, energy costs will be lowered however, at the same time, the summers will become hotter, which will increase the demand for air-conditioning. This way, a companys costs distribution is changed based on environmental issues. Still, businesses should see climate change as an opportunity and a challenge to find new markets, devise new technologies as well as improve their image among average consumers. Studies have demonstrated that customers are most likely to absolve their guilt about their environmental footprint by buying products from a greener company. In other words, consuming trends will shift according to which companies take the lead in using green