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"The recent reports — from Morgan Stanley, JPMorgan Chase and the Institute of International Finance — show that Wall Street has determined the temperature goal is effectively dead and describe how top financial institutions plan to continue operating profitably as temperatures and damages soar.
"We now expect a 3°C world," Morgan Stanley analysts wrote earlier this month, citing "recent setbacks to global decarbonization efforts."
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 that would bring deadly risks to people who work outdoors."
@LevZadov The banks might not be doing so well when we're all dead.
We'll all be doing well when the banks are all dead.
@LevZadov meanwhile let’s not talk about it or make it top of the agenda for the election
Like all troubling things it will go away if we just ignore it hard enough.
@LevZadov
>"recent setbacks to global decarbonization efforts.
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Which is and odd way of saying only ever made it worse. You just have to look at the CO2 graph, not only aren't we going down, we're not even flattening but still accelerating!