Flutterby™! : Plan for 3°C

<ahref="https://www.eenews.net/articles/big-banks-predict-catastrophic-warming-with-profit-potential/">Big banks predict catastrophic warming, with profit potential

“We now expect a 3°C world,” Morgan Stanley analysts wrote earlier this month, citing “recent setbacks to global decarbonization efforts.”

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Big Banks Quietly Prepare for Catastrophic Warming

"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 wrote in bolded text, citing analyses from the energy research firm the Rhodium Group and the Climate Action Tracker, an environmental collaborative.

"Financial institutions need to recalibrate targets to reflect that 1.5°C are no longer suitable as strategic goals," the briefing said. "Reputational concerns may arise in the absence of an aligned view amongst stakeholders on how such processes should be handled, and what criteria may need to be applied."

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