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.
It would, but we're at the irreversible stage anyway. If we were to invent it soon, it still won't change that fact. As a species we should've invented it 50 years ago if we were to avoid this catastrophe.
China has already made great strides, they just made more solar panels in 2 months than Australia has in its entire history. They manufacture 80% of output. Also they're planning to launch space solar power soon.
It's not enough but it's a hell of a lot more than any other country, yet they keep getting flack for constructing transitional coal and gas plants to replace ones built in the Great leap forward because of course its the Chinese population that should suffer for the environment.