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.
Thanks for the context! I should disclose that I didn't read the rules of the sub before engaging, but I should have. I'll keep this in mind for the next hexbear post I comment on, if hexbear will have me