J.P. Morgan makes climate change research more accessible
In an effort to heighten awareness and understanding of climate change as it relates to financial markets, J.P. Morgan’s corporate research department announced that it is making its analysis on the subject publicly available on its website: jpmorgan.com/climatechange
“This is about taking a leadership role on a very significant global issue,” said Nick O’Donohoe, global head of corporate research. “The analysis we have produced, and will continue to produce, in this area can be helpful to, not only clients, but to academics, researchers, and governments as we address the growing concern of climate change.”
In their environmental research, J.P. Morgan analysts and economists focus on economic, legislative and business developments in light of current and proposed carbon operating constraints. Recent reports include: Capturing the Gains from Carbon Capture; Global Utilities: Trading Climate Change; Coal and Carbon Controls; and Liability for Climate Change. Also available on the website is information and aggregated values for the J.P. Morgan Environmental Index – Carbon Beta (JENI-Carbon Beta), the first high-grade corporate bond index designed to address the risks of global warning.
J.P. Morgan’s decision to make its environmental research publicly available underscores the firm’s commitment to the issue. In addition to reducing its own carbon emissions, as set forth in its environmental policy, the firm raised $1.5 billion of equity for the wind power market in 2006 and has its own portfolio of investments in renewable energy totaling $1 billion. The firm is also the lead sponsor for this week’s Large Cities Climate Summit in New York, organized by Mayor Bloomberg and the Partnership for New York City, to further engage business and political leaders on climate change.
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