The economic sphere is constantly developing, affecting various aspects of life, including nature. This relationship is reciprocal, so the conclusion is that nature also affects the quality of the economy. Climate change is a problem, which causes issues that the economic system must adjust to, as well as industries trying to make more money, are detrimental to the harm that these changes cause.
Climate changes cause problems with production and transportation, which also lead to large-scale delays and cancellations of contracts. It is a disaster not only for individual industries but for the national economy as a whole. On the one hand, droughts or hails cause great damage to agriculture, on which the economy of many large companies is based, forcing the purchase of products in other countries or regions. On the other hand, cutting down forests to supply timber reduces the air quality that trees create and clean, disrupts the greenhouse effect, and causes warming, which is a type of climate change.
The majority of industries are blamed by society for high carbon emissions and dirty production, which contributes to climate change, and this fact provides judgment, distrust, and loss of customers, which also ruins the economy (Stoffberg & Prinsloo, 2009). However, the circular economy helps to cope with the negative effects of climate change by promoting recycling and reuse of products. In this way, the issue of production problems and harm to the environment is decreased, which helps the industry to preserve both nature and reputation.
In conclusion, the quality of economics dementing because of climate changes, which are ruining supply chains, but such economic type as circular helps reduce environmental damage. It provides production stability and prevents the development and danger of climate changes caused by mass production. With recycling, reusing of materials, and collecting waste, industries help to fight ecological issues, which are the cause of climate change by saving nature’s integrity.
References
Stoffberg, H., & Prinsloo, P. (2009). Climate change. A guide for corporates. Unisa Press.