‘Reduced consumption is going to have to be a part of the equation’ for climate action, J.P. Morgan executive warns
Bloomberg reports: The world isn’t cutting carbon emissions anywhere near quickly enough, a senior executive at J.P. Morgan Asset Management told clients this week — and changing that will require far harder choices than most people realize. In his annual “Energy Outlook” report, Michael Cembalest, chairman of market investment and strategy for the asset management group, wrote that the U.S. needs to reduce its use of carbon much faster — a view he shares with the authors of the Green…