{"id":206458,"date":"2022-09-17T19:30:47","date_gmt":"2022-09-17T14:00:47","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=206458"},"modified":"2022-09-17T19:30:47","modified_gmt":"2022-09-17T14:00:47","slug":"climate-change-as-business-crisis-opportunity-and-everything-in-between","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/climate-change-as-business-crisis-opportunity-and-everything-in-between\/","title":{"rendered":"Climate change as business: Crisis, opportunity and everything in between"},"content":{"rendered":"\n<p><strong>Source<\/strong>: The post is based on an article\u00a0\u201c<strong>Climate change as business: Crisis, opportunity and everything in between\u201d<\/strong>\u00a0published in\u00a0<strong>The Business Standard<\/strong>\u00a0on\u00a0<strong>17<sup>th<\/sup> September 2022<\/strong>.<\/p>\n<p><strong>Syllabus: GS 3 \u2013 Climate Change <\/strong><\/p>\n<p><strong>News: <\/strong>There is a need to take steps towards climate change and adopt net zero emission targets as soon as possible.<\/p>\n<p>This net zero target will not only have a positive impact on the climate but it will also change the economic activities of the nation.<\/p>\n<h5><strong>How will the net zero goal change the economy?<\/strong><\/h5>\n<p>It will help in transformational economic change through massive investment.<\/p>\n<p>This change will be seen in almost every major industry and it will also give boost to businesses like solar panels and batteries amongst others.<\/p>\n<p><strong>For example<\/strong>, new hydrogen pipeline grids may supplement existing ones for gas and oil, and charging stations could be found everywhere.<\/p>\n<p>Therefore, net zero target has led to the opportunity for new businesses.<\/p>\n<h5><strong>How climate change has led to different business opportunities?<\/strong><\/h5>\n<p>Reliance has asked the Gujarat government for 1,800 sq km of land in Kutch for its\u00a0green energy\u00a0project.<\/p>\n<p>Public sector companies like Indian Oil and NTPC, Larsen &amp; Toubro and ReNew Power, among others, are also in the race to catch the new opportunities.<\/p>\n<p>Ola has already taken opportunity in e-scooters.<\/p>\n<p>Investment by big companies now focuses on electric cars and scooters, electric traction for the railways, and scaling up of solar and\u00a0wind energy\u00a0farms.<\/p>\n<p>Even though climate change brings new opportunities for businesses but there are many businesses that will suffer.<\/p>\n<p>Businesses like travel and hospitality, office-wear market, cinema halls and commercial real estate are some of the businesses that will suffer because of the change in human activities.<\/p>\n<h5><strong>How climate change will impact human activities?<\/strong><\/h5>\n<p>Digitization, virtual communication and data revolution will help in decarbonizing human activities.<\/p>\n<p>This will lead to a change in the traditional methods of communicating or living.<\/p>\n<p>For example, daily travel will be changed with virtual meetings and offline education with online education, etc. These will have impacts on long-term lifestyle changes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on an article\u00a0\u201cClimate change as business: Crisis, opportunity and everything in between\u201d\u00a0published in\u00a0The Business Standard\u00a0on\u00a017th September 2022. Syllabus: GS 3 \u2013 Climate Change News: There is a need to take steps towards climate change and adopt net zero emission targets as soon as possible. This net zero target will not&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/climate-change-as-business-crisis-opportunity-and-everything-in-between\/\">Continue reading <span class=\"screen-reader-text\">Climate change as business: Crisis, opportunity and everything in between<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[10503,216],"class_list":["post-206458","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-business-standard","tag-gs-paper-3","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/206458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=206458"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/206458\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=206458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=206458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=206458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}