A United Nations panel has a dire warning for humanity—the effects of climate change once seen as a century off are actually a few decades away. The world is 1 degree Celsius (1.8 Fahrenheit) warmer than it was at the dawn of the industrial revolution and will be 3 degrees warmer by 2100. As every year passes, extreme weather will get more extreme, coastal floods will worsen, food prices will rise and more species, ecosystems and people will suffer. —Josh Petri

Here are today's top stories

To avoid catastrophe, the world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050. It may be technologically feasible, but decidedly unlikely from a political standpoint.

The latest forecast sees more than one trillion watts of renewable power being installed over the next five years. But coal is expected to remain the largest source of power globally.

A small but growing number of investors are testing strategies to take advantage of the signs of climate change. If electric cars and clean energy aren’t enough to prevent rising oceans, then there’s money to be made in seawalls, indoor agriculture and emergency housing.

The longest line in Caracas isn't for bread or medicine or water. It's for those who've had enough. This is the line to get out of Venezuela.

Salmon farmers are using facial recognition to fight killer lice and create medical records for millions of fish, Bloomberg Businessweek reports.

Facebook wants to sell you video chat devices that include cameras to track your movement, a lot to ask for a company mired in privacy scandals.

What's Joe Weisenthal thinking about? The Bloomberg news director is engaging in discussions about the Fed, and whether its actions are magnifying market turmoil.

What you'll need to know tomorrow

Sponsored Content by Milliman

The biggest risk to your business is the one you don’t see coming. Learn how Milliman is using machine learning to help businesses quantify cyber risk and prepare for emerging threats.

What you'll want to read tonight

The Perfect Suit for Every Type of Guy

From the fit to the fabric to the way it’s constructed, the seemingly standardized suit can be spun off in a million different ways. And that’s before we even talk about cost. To help you find your perfect match, we combed stores and online markets—and even polled real guys—to find exactly what’s different about each brand’s version. The result is a handy guide that will sort out suits by price point, fit, style, and occasion.

Have you started strategizing for 2019? We have. Don’t miss the annual Bloomberg Businessweek special report, The Year Ahead, on the major trends, disruptions, breakthrough products, innovations and movements to watch in the coming year. Get Bloomberg All Access in time to receive this issue in print and much more.

How climate science and the future of energy reshape our world. Sign up for Bloomberg's weekly Climate Changed newsletter to get the best of our coverage about climate science and the future of energy, straight to your inbox.

Download the Bloomberg app: It's available for iOS and Android.