Morgan Stanley, JPMorgan and an international banking group have quietly concluded that climate change will likely exceed the Paris Agreement’s 2 degree C goal and are examining how to maintain profits
There’re many sources of greenhouse gas emissions however it is clear that electricity, transportation and industrial processes are the big ones. Agriculture is in there but is nowhere near electricity. So electrify everything is the best bang rather than large social engineering projects.
That is misleading, considering that animal agriculture is the leading cause of climate change. If these big financial institutions really wanted to reduce their contribution to climate change, one easy way would be to stop funding animal agriculture. The banks in this article are not the only culprits either.
There’re many sources of greenhouse gas emissions however it is clear that electricity, transportation and industrial processes are the big ones. Agriculture is in there but is nowhere near electricity. So electrify everything is the best bang rather than large social engineering projects.
Yes, though animal agriculture is big enough that we need to address it in addition to fossil fuels.
Took down the misleading comment.
Did their username check out?