Well, this is ominous. From the Scientific American article:

The recent reports — from Morgan Stanley, JPMorgan Chase and the Institute of International Finance — show that Wall Street has determined the <Paris Accord> temperature goal is effectively dead and describe how top financial institutions plan to continue operating profitably as temperatures and damages soar.

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

The stunning conclusion indicates that the bank believes the planet is hurtling toward a future in which severe droughts and harvest failures become widespread, sea-level rise is measured in feet rather than inches and tropical regions experience episodes of extreme heat and humidity for weeks at a time that would bring deadly risks to people who work outdoors.

Ruh-roh. Follow the money – this isn’t political, it’s just the hard-core wealth crowd doing their best to stay on top of the heap. Time to invest in air conditioning and property in the >40 degree northern latitudes…

Not entirely coincidental, I’m in the middle of reading Kim Stanley Robinson’s Ministry For the Future, a novel describing a world headed for human extinction due to climate change. It’s a new genre called “cli-fi”, and given the Sci American article above, it’s frightening. As a novel, Ministry isn’t that great – it’s not an easy read; the chapters oscillate between Socratic essays and a hard-to-follow journey of a few key characters. But it *is* a compelling and important story about a possible future. I worry about the world the grandsons will inherit.