Explain the threats and opportunities in the following issues: Climate change, Pandemic, and Industrial Revolution 5.0

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter14: Environmental Economics
Section14.2: Achieving Environmental Efficiency
Problem 2.4GE
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Explain the threats and opportunities in the following issues: Climate change, Pandemic, and Industrial Revolution 5.0

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Step 1

Climate change:-

Opportunities:-

1) Climate change, like any destabilizing factor, creates opportunities for businesses eager to experiment.
2) Renewable energy is not the only area of the climate-related economy poised for expansion. Companies can benefit from eco-friendly building and assisting towns in preparing for climate change.
3) Lastly, climate-smart economic solutions offer tremendous potential. Green bonds issued by governments worldwide to micro-loans for entrepreneurs are just a few examples.

Threats:- 

1) Droughts, hurricanes, extreme weather events, rising seas, collapsing glaciers, and warming oceans can cause immediate suffering to animals, ruin their habitats, and disrupt people's livelihoods and communities.
2) As the effects of climate change grow, harmful weather events become more common and severe.

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