24/7 Wall St. Insights:
- Global warming could create new growth opportunities in certain sectors, like agriculture in cooler regions.
- Warmer temperatures may also open up new possibilities, like expanded shipping routes through the Arctic.
- Also, read “The Next NVIDIA.”
As global warming continues to reshape the planet, it’s also reshaping industries worldwide. While some sectors are feeling pressure from climate change, others are finding unexpected boosts.
This article takes a look at 12 industries that may thrive in our warming world. Some of these aren’t very surprising, but others may be a bit unexpected!
Let’s jump in:
Why We’re Covering This
As industries change, it’s important to adapt, especially when investing. We’ve been staying on top of these changes for some time, and we will continue to keep you updated in the future.
Also, consider reading our article “20 Beloved Foods That Could Disappear Forever Because of Climate Change.“
1. Agriculture in Northern Regions
Once upon a time, fig trees grew as far north as Germany (during the Medieval Warm Period). If this occurs again, cooler climates in Canada and Russia will see their growing seasons extended.
2. Renewable Energy
Increasing demands for cleaner energy sources make the renewable energy sector an obvious winner.
3. Water Desalination
Freshwater resources may continue to shrink, increasing the demand for desalination technologies.
4. Construction and Infrastructure
Cities may need to invest in better flood defenses and new types of climate-resilient infrastructure, leading to demand for this new technology.
5. Air Conditioning and HVAC
Hotter climates increase the demand for cooling systems, leading to an increase in the HVAC industry.
6. Insurance for Climate Resilience
Specialized policies for extreme weather events may become more prevalent as climate change increases.
7. Shipping Routes
Melting Arctic ice could open up new shipping routes between Europe and Asia that take much less time.
8. Tourism in Cooler Climates
Warmer weather may increase tourism in regions that are currently cooler.
9. Agritech and Crop Engineering
New crops may be needed that can withstand heat and drought, leading to new opportunities in the agrarian sector.
10. Mining and Exploration
Thawing permafrost may expose previously unknown resources underground, leading to increased mining operations.
11. Waste Management
Industries that focus on things like recycling and water conservation may become increasingly important.
12. Disaster Recovery and Reconstruction
More frequent extreme weather events may increase the demand for rebuilding efforts and recovery services.
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