Climate change is a grave threat – but also a tremendous business opportunity. In July, Bloomberg New Energy Finance released its latest New Energy Outlook, which forecasts global investments of USD 11.5 trillion (USD 1,500 billion) in new power production from 2018 to 2050. Some USD 8.4 trillion of this amount is to be channelled into wind and solar, while USD 1.5 trillion is set to be invested in other zero-carbon technologies such as hydro and nuclear power.