this post was submitted on 01 Apr 2025
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"We now expect a 3°C world" Morgan Stanley analysts write (www.scientificamerican.com)
submitted 1 day ago by [email protected] to c/[email protected]
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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.

stonks-up 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.

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[–] [email protected] 10 points 20 hours ago

"Well you see of course the big banks will say that, because they are WOKE and COMMUNIST and controlled by CHYNA frothingfash "

[–] [email protected] 22 points 1 day ago* (last edited 1 day ago)

The bad guys won the cold war.

In a sane world, oil executives would have been tried at the Hague and then sent to life in prison decades ago and their ill-gotten wealth would have been liquidated to work on solutions.

Call me crazy, but I don’t want those disgusting pigs to be the sole judges on if we all live or die.

[–] [email protected] 37 points 1 day ago (3 children)

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.

how the fuck does the long term math of "the planet will be irreparably fucked forever otherwise" not make "economic sense" except to a moron incapable of understanding opportunity costs

[–] [email protected] 15 points 1 day ago

the economics make sense

Fuck the economy. How about climate change gets fixed and any death cultist running an oil company, the military industrial complex, and every other money-grubbing pig has to eat the losses.

I hope the economy gets destroyed, because this “good economy” threw me to the wayside to rot.

[–] [email protected] 13 points 1 day ago

Because they believe they'll be dead by then and in the meantime there's money to be made. I dunno, I'm working on honours by research in conservation biology but I just ... Wonder why the fuck I bother some days. Three degrees is a fucking apocalyptic scenario.

[–] [email protected] 16 points 1 day ago

But what about the profit of the oil industry?

[–] [email protected] 58 points 1 day ago (4 children)

How the fuck can liberals keep stanning capitalism when it's literally boiling the planet

[–] [email protected] 42 points 1 day ago (2 children)

The vast majority are climate deniers. Not in the "its not happening" sense, in the sense that it won't be that bad and can be adapted to. People fail to recognize how bad climate change is.

I have no idea why libs think capitalism can be reformed though.

[–] [email protected] 5 points 20 hours ago

Adapt, cause fuck wildlife and the less fortunate or less privileged. I hate these people.

[–] [email protected] 7 points 1 day ago

Explains why so many of them keep moving to the most vulnerable states for climate change.

[–] [email protected] 24 points 1 day ago (1 children)

"No matter how bad capitalism is, every other thing we could do is worse" The Mantra of the Liberal

[–] [email protected] 5 points 21 hours ago* (last edited 21 hours ago)

Probably something like “thank god it’s not Socialism/communism”….whilst not understand either.

[–] [email protected] 26 points 1 day ago

Because they've been conditioned from birth to be antisocial. Its a death cult. Cooking the planet is a good thing to a death cult.

[–] [email protected] 12 points 1 day ago

learning about the necessity of degrowth is a platos cave situation, people will fight extremely hard against internalising it even if they know its true deep down

[–] [email protected] 54 points 1 day ago* (last edited 1 day ago) (2 children)

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.

[–] [email protected] 41 points 1 day ago (1 children)

honestly i think this is still too optimistic. barring the invention of magic we're just fucked

[–] [email protected] 32 points 1 day ago (2 children)

fusion at scale would be pretty magical

[–] [email protected] 6 points 20 hours ago

fusion at scale would be pretty magical

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.

[–] [email protected] 27 points 1 day ago (1 children)

The real magic would be America accepting dirty Chinese fusion over clean patriotic coal.

[–] [email protected] 14 points 1 day ago

The entire NATO bloc is more likely to run their grids off of imported American coal than to use fusion.

[–] [email protected] 14 points 1 day ago

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.

[–] [email protected] 40 points 1 day ago (1 children)

If you're not against capitalism by this point then you're giving some tacit support to climate change. It boggles my mind how anyone poor can still be invested in this system when it's fully shown it's face and you're not going to win the lottery to be lifted out of poverty before the shit hits the fan.

[–] [email protected] 32 points 1 day ago

Why do you think the USA wants Greenland and maybe Canada? Global warming is coming, and it's not avoidable or reversible. Best to plan strategically for the future.

[–] [email protected] 39 points 1 day ago (1 children)

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"

[–] [email protected] 9 points 1 day ago* (last edited 1 day ago) (1 children)

"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."

[–] [email protected] 2 points 14 hours ago

Just a bunch of modern Ebeneezer Scrooges waiting for the surplus population to decrease.

[–] [email protected] 41 points 1 day ago* (last edited 1 day ago)

Science News telling us about the Banks telling us about climate forecasts.

illegal-to-say ecoterrorism

[–] [email protected] 30 points 1 day ago

The banking industry can support the transition from fossil fuels to clean energy

jokerfication

but capital will only move "at scale when the economics make sense,"

jokerfied

[–] [email protected] 26 points 1 day ago

3°C so far. so-far

[–] [email protected] 19 points 1 day ago (2 children)

Yeah no shit we're headed for 3 degree warming. What I want to know is how fast they think we'll get there

hypersus

[–] [email protected] 17 points 1 day ago (1 children)

They (the banks) think by the end of the century. Personally I think that's optimistic. 2c within a decade though.

[–] [email protected] 24 points 1 day ago

I'm so glad that scientists have predicted that heating is linear and there aren't any irreversible tipping points after which feedback loops intensify and system collapse becomes inevitable clueless

[–] [email protected] 5 points 1 day ago (1 children)

I personally think around 4.5 degrees but this century will end on 3 degrees with the next century taking on the remaining 1.5 degrees.

[–] [email protected] 2 points 20 hours ago

But where do you think it will stop?

[–] [email protected] 25 points 1 day ago

"It'll be awful for most but really good for some"

[–] [email protected] 20 points 1 day ago

invest in jellyfish

[–] [email protected] 10 points 1 day ago* (last edited 1 day ago) (1 children)

Not to side track into the political, but that’s why Trump is bloviating about Greenland - the future potential of shipping via the “northern route” when the arctic ice melts in a few decades.

[–] [email protected] 18 points 1 day ago

Not to side track into the political

I don't think politics are a "side track" when talking global warning. They're the whole reason it's happening and the only way to find a solution.