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.
The economics will never make sense without China pushing the boundaries of technology and asspulling some new energy tech that saves us.
Literally everything is on China now. They are the only thing that can possibly save the world from this path we're on.
honestly i think this is still too optimistic. barring the invention of magic we're just fucked
fusion at scale would be pretty magical
The real magic would be America accepting dirty Chinese fusion over clean patriotic coal.
The entire NATO bloc is more likely to run their grids off of imported American coal than to use fusion.