The head of $3.7 billion Melbourne fund manager Munro Partners has described climate change as the biggest investment opportunity since the advent of the internet.
Munro Partners chief investment officer Nick Griffin said he expects $21 trillion in capital to shift from old carbon intensive industries to green technologies over the next 30 years, offering an enormous opportunity for investors.
“The one before, it was the internet. This is the next one,” he said at GSFM’s market outlook forum on Tuesday. “The decarbonisation of the planet is going to happen. Period. There are just too many stakeholders that are on board here.”