Global Warming Fuels a Surge in Air Conditioning Industry Growth

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, discusses a Morgan Stanley study predicting that while global warming will bring severe disasters, it will also drive massive growth in the air conditioning industry. With temperatures expected to exceed Paris Accord limits, flooding and economic disruptions will intensify. However, rising heat waves will push global air conditioning market growth by 41%, reaching $331 billion by 2030, with annual industry growth increasing from 3% to 7%.