Story perspectives

Banks Face Climate Crisis: 3°C Rise Looms Ahead

3/31/2025

50 5

Summary

Story summary

Morgan Stanley and JPMorgan have recognized a stark reality: climate change is projected to surpass the Paris Agreement's 2°C target, with a potential rise of 3°C. This shift signals a strategic pivot for banks, as they navigate political landscapes and pursue profitable avenues in a world increasingly threatened by global warming. It's time for financial institutions to rethink their targets, as the goal of limiting warming to 1.5°C slips further from reach.

1 of 1

Story summary

Morgan Stanley and JPMorgan have recognized a stark reality: climate change is projected to surpass the Paris Agreement's 2°C target, with a potential rise of 3°C. This shift signals a strategic pivot for banks, as they navigate political landscapes and pursue profitable avenues in a world increasingly threatened by global warming. It's time for financial institutions to rethink their targets, as the goal of limiting warming to 1.5°C slips further from reach.