Profitability or r&D, page-33

At Davos, bosses paint climate change as $7 trillion opportunity

http://www.smh.com.au/business/at-d...s-7-trillion-opportunity-20180126-h0owt1.html

“Mahindra likened the transformation to when cars were first introduced and the industry that developed around them. Climate change will also bring new appliances, technologies and retrofitting of old ones, he said.

Businesses should seize a $US6 trillion ($7.45 trillion) opportunity to invest in tackling climate change over the next two decades, the head of an Indian multinational said at Davos on Thursday.

"We're about to see the largest wealth transfer in the history of humanity. You have a new generation of clients... who simply care more about these issues," he added.“