Conversation

Well, there's a headline that certainly captures the moment: Big banks predict catastrophic warming, with profit potential.

“We now expect a 3°C world,” Morgan Stanley analysts wrote earlier this month."

"The stunning conclusion indicates that the bank believes the planet is hurtling toward a future in which severe droughts and harvest failures become widespread, sea-level rise is measured in feet rather than inches and tropical regions experience episodes of extreme heat and humidity for weeks at a time."

"Morgan Stanley’s climate forecast was tucked into a mundane research report on the future of air conditioning stocks, which it provided to clients on March 17."

https://www.eenews.net/articles/big-banks-predict-catastrophic-warming-with-profit-potential/

h/t @ai6yr
#GlobalWarming #Climate #ClimateChange #Capitalism #Banking