GOOD NEWS THOUGH EVERYONE!
A 3 degree warming scenario, the analysts determined, could more than double the growth rate of the $235 billion cooling market every year, from 3 percent to 7 percent until 2030.
ON A/C
"The world is not on track to limit temperature rise below 2°C — and limiting warming [to] 1.5°C is almost certainly unachievable," the Institute of International Finance writes
The banking industry can support the transition from fossil fuels to clean energy but capital will only move "at scale when the economics make sense," Mary Kate Binecki, a spokesperson for the Institute of International Finance, said in an email.
"We expect a 3 degree world because we're helping to get it there"
"Look, we hear you and we see you. Yes, there will be mass death and a refugee crisis like never before seen, but that's where the point of diminishing marginal returns lie! Those excesses humans simply aren't important enough to the bottom line for us to transition any faster. In the grand scheme of things, it's a small price to pay so that I can afford a second luxury bunker in New Zealand. You'd understand too if you had big important problems like rich people. Now go wait patiently for your death, stupid poor."
Just a bunch of modern Ebeneezer Scrooges waiting for the surplus population to decrease.