The Impact of Climate Change on Global Entrepreneurial Activities

Background

First and foremost, it is important to note that the impact of climate change on global entrepreneurial activities has been researched by different scholars including the likes of Kraus Burtscher, Vallaster, and Angerer (2018), Sarango-Lalangui, Santos, and Hormiga (2018) and Rashid (2019). Therefore, the reason why this topic has gained attention over the years, is due to the fact that constantly rising industrial activities continue enabling climate change, for example the introduction of fast cars that release high carbon emission, and large corporates relying heavily on natural resources such as coal for energy generation has raised global climate concerns.

Moreover, the UN (2016) mentioned that entrepreneurs alongside businesses can play a vital role not only in addressing worldwide ecological challenges but also by helping to eradicate poverty and hunger, build peaceful societies and protect the environment (Apostolopoulos, Al-Dajani, Holt, Jones, & Newbery, 2018). Furthermore, the World Economic Forum (2020) noted that in order for the world to achieve sustainability, collaboration of entrepreneurs is essential simply because entrepreneurs are the drivers of innovation. As a result of enabling entrepreneurs from across the world to work together, the world can get cleaner inventions.