US banks predict climate goals will fail – but air conditioning firms will thrive | Climate crisis

The world is on the right path to Classified global heating – But this will create profits for some air conditioning companies, according to the expectations of the Wall Street financial institutions.

The recent reports written by Morgan Stanley, JPMorgan Chase and the International Finance Institute show that the financial sector is considered Paris Climate Agreement Reducing global temperatures, which occurred a decade ago by nearly 200 countries, has actually died and investors must plan accordingly.

“We are now expecting the world of 3C,” says March analysis by Morgan Stanley. This level of global heating is higher than the pre -industrial times, much exceeds the 2c agreed upon by governments and will lead to a catastrophic Heat wavesand Floodsand Economic conflict And other disorders.

the Morgan Stanley Nevertheless, investor’s research predictions, although heat doubling will provide a surprise to companies that provide air conditioning, and that the global market may grow by 41 % at a value of $ 331 billion by the end of this contract. The analysis shows several dozens of companies to air conditioning all over the world, which are likely to benefit from a hotter world.

“The progress of climate change will decrease from the goals of the net network,” the report says. “We expect cooling-a matter of importance to human health and its productivity in many climate-a strong long-term growth issue.”

Doubts are shared in the best Wall Street companies about climate goals by Many other analystsIt includes At the United NationsWho expected Paris’s goals out of the path due to the constantly high greenhouse gas emissions.

The course of the climatic crisis has been emphasized through the return Donald Trump As an American president. Trump described climate change as a “giant trick”, and the United States withdrew from the Paris Treaty and retracted it Dismantling environmental rules Designed to reduce harmful pollution.

Banks also showed signs that they expand their climate concerns. Since December, the six largest American banks – JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Morgan Stanley and Goldman Sachs – They all left a group called the pure chest banking allianceWhich sets responsible banking practices to achieve climate goals.

“It is clear that we are witnessing a widespread decline in the climate from the financing sector,” said Badi McCole, the chief analyst of Reclaff Finance, a group that drives financial companies to work in the climate crisis.

“To a large extent, he is affected by Trump and his agenda of speeding climate change, although because of the banks that tramp uses as an excuse to decline the obligations that he had never intended.”

McLly said that the investor’s research in Morgan Stanley on air conditioning is “anesthetic sarcastic.” “Especially since it comes a few months after weakening the targets of carbon disposal for the first time, then they left the net zero Banking alliance.”

The Morgan Stanley report admits that increasing air conditioning, primarily in the richer countries, is not a hotter world. If backed by fossil fuel, the use of air conditioning itself causes more heating emissions that will increase global temperatures.

“Morgan Stanley Research does not provide fixed opinions,” said Stephen Bird, the global president of sustainability research at Morgan Stanley.

“I will not distinguish our view that“ climate change brings many aspects. ”Instead, we would see large amounts of capital spread to alleviate the effects of climate change, and cooling (among other products, such as smart energy networks) will be one of this category of increasing capital customization.”

Since global factors are higher temperatures, some companies have opportunities that look forward to charging the charging methods through an orthopedic perimeter to the ice. It is believed that this motivation, as well as the valuable minerals that are exposed to mining such as ice retreats, are part of Trump’s logical basis For a desire to include Greenland.

“This is somewhat similar to saying the quiet part loudly,” said Gernot Wagner, a climate economist at Colombia College of Business. Wagner said that there is “a lot of Greenhushing”, unlike the green washing, which is now happening between companies.

“In fact, the world will not remain less than 1.5 degrees Celsius of warming, to a large extent because we are already there,” Wagner said about the most ambitious goal in the Paris deal. Last year was the first individual year, in the world, To the top 1.5C of heating.

“Yes, this means that the climate risk will get worse before it improves,” he said. “This is clear. Partly, and this means investment opportunities that will not be achieved without climate change.”