What Are the Financial Implications for Businesses?
Financial implications for businesses under the Paris Agreement are multifaceted. Companies might face increased costs due to the need to invest in cleaner technologies and compliance with stricter environmental regulations. However, there are also opportunities for financial gains. Businesses that innovate and lead in sustainability can gain a competitive advantage, attract investors, and appeal to environmentally conscious consumers. Furthermore, there are various incentives and subsidies available for businesses that align with the goals of the Paris Agreement.