How can Climate change affect the Global Business market? Climate change is the long-term alteration of temperature and typical weather patterns in a place. The cause of current climate change is largely human activity, like burning fossil fuels, like natural gas, oil, and coal. Burning these materials releases what are called greenhouse gases into Earth's atmosphere, causing further environmental pollution. Climate change also affects International business. The direct consequences of climate change on trade could become manifest in damages to trade from more frequent extreme weather events or rising sea levels. Supply, transport, and distribution chains might become more vulnerable to disruptions due to climate change. Businesses are assessing several risks, including physical: the impact of extreme weather events, or supply shortages from water scarcity, for example; transition risks from society's response such as changes in technologies, markets, and regulation; and potential liabilities for emitting greenhouse gases. It's to be duly noted that the largest impact of climate change is that it could wipe up to 18% of GDP off the worldwide economy by 2050 if global temperatures rise by 3.2°C.

Abhijith S

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