JPMorgan Chase Invests Big in Carbon Removal Technologies
TL;DR
JPMorgan Chase has signed long-term agreements to purchase over $200 million in high-quality, durable carbon dioxide removal (CDR) technologies, which are expected to remove and store 800,000 metric tons of carbon dioxide equivalent from the atmosphere. The agreements represent one of the largest carbon removal purchases announced to date and will enable the firm to match every ton of its unabated direct operational emissions with durable carbon removal by 2030. The market for carbon removal is expected to grow dramatically between now and 2050, and JPMorgan Chase's investment aims to support the scaling up of carbon removal and storage as commercial solutions.
Topics:businessenvironment#carbon-markets#carbon-removal#environment#jpmorgan-chase#renewable-energy#sustainability
- JPMorgan Chase seeks to scale investment in emerging carbon removal technologies, announces agreements intended to durably remove and store 800,000 tons of carbon JPMorgan Chase
- 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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