The world isn’t cutting carbon emissions anywhere near quickly enough, a senior executive at JP Morgan Asset Management told clients this week – and changing that will require far harder choices than most people realise. In his annual ‘Energy Outlook’ report, Michael Cembalest, chairperson of market investment and strategy for the asset management group, wrote that the US needs to reduce its use of carbon much faster – a view he shares with the authors of the Green New Deal, including first-term Democratic Representative Alexandria Ocasio-Cortez of New York.
