This is all based on the environment the moth is living in…
harmful effects: the mutation causing the moth of become a lighter color could lay a negative effect because it could cause the moth to be easily spotted by predators, meaning it will most likely to be killed or eaten first.
positive effect: in another case, this mutation can be helpful because the moth can blend in and be not as easily seen by predators.
how it can change the species: if this mutation is preferable, natural selection can take place. this means (if the positive effect is in play) the species will shift over and all become a lighter color due to the mutation being preferred.