JP Morgan announces merger with green ClimateCare
JP Morgan will acquire ClimateCare, a leading market-maker in carbon emissions reductions, in order to invest in large-scale carbon emission reductions projects and to propel the development of a liquid financial market trading in carbon emission reduction credits.
ClimateCare will be assimilated into JP Morgan’s Environmental Markets Group, to originate carbon emission reduction projects on a global scale, as well as trade carbon emission reduction credits generated by projects in both compliance and voluntary markets.
“Clients are seeking to reduce their emissions both due to regulations and out of social responsibility,” says Blythe Masters, head of Commodities at JP Morgan. “This transaction positions JP Morgan to offer the highest quality advice and
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