Recent reports from financial leaders like Morgan Stanley and JPMorgan Chase indicate that with the failure of the Paris climate agreement, we are likely entering a 3C warmer world. This scenario, defined by extreme weather events and economic turmoil, poses major risks. Nevertheless, the air conditioning sector is forecasted to flourish, possibly increasing its market size by 41% to $331 billion by 2030. Analysts highlight that amidst this dire outlook, demand for cooling solutions will surge, reflecting a grim adaptation to climate change rather than progress toward sustainability.
The finance sector considers the Paris climate agreement dead, with predictions of a 3C world leading to catastrophic climate events but creating profits for air conditioning companies.
Morgan Stanley forecasts the air conditioning market could grow 41% to $331bn by the decade's end, highlighting the profit potential amidst rising global temperatures.
Collection
[
|
...
]