Pharma company is ready for potential increase in profits due to climate change-induced spread of infectious diseases

Wind turbines in Fuerteventura, Spain
(Image credit: Vittorio Zunino Celotto/Getty Images)

Most companies are preparing for increased costs as the planet warms, but some are ready to reap the profits that could come along with climate change, The New York Times reports.

In 2018, more than 7,000 companies submitted reports on the risks and opportunities climate change could create for their business to CDP, which used to be known as the Carbon Disclosure Project. Many firms know they could soon take a big financial hit unless they take proactive steps. For example, Hitachi Ltd., a Japanese manufacturer, said that increased rainfall and flooding in Southeast Asia could knock out some of their suppliers. Alphabet, Inc., Google's parent company, understands that rising temperatures could increase cooling costs in their "energy-hungry" data centers.

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Tim O'Donnell

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.