JPMorgan Chase invests heavily in carbon removal technology.
TL;DR
JPMorgan Chase has agreed to purchase carbon dioxide removal (CDR) services from Climeworks, a global leader in direct air capture and storage, for over $20m. The agreement is one of the largest purchases of CDR services from a corporate buyer to date and demonstrates the bank's support for Climeworks' high-quality and high-integrity approach to removing CO2. The agreement sets a new standard for the voluntary carbon market and is essential for CDR companies to bring economies of scale needed by 2050.
Topics:businessclimate-change#carbon-dioxide-removal#climate-change#climeworks#direct-air-capture#jpmorgan-chase#voluntary-carbon-market
- JP Morgan Chase signs a landmark CDR agreement with Climeworks Climeworks
- JPMorgan Makes One of the Biggest Bets Ever on Carbon Removal - WSJ The Wall Street Journal
- JPMorgan agrees to purchase $200 million worth of carbon removal CNBC
- JPMorgan Chase takes big plunge into climate-focused carbon removal: report MarketWatch
- JPMorgan Fights Climate Change, Makes Carbon Dioxide Removal Deal Bloomberg
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