Driving Sustainability through Business

 

Investing in Renewable Energy

Expanding renewable energy, such as wind and solar power, is a key element of improving air quality and the sustainability of the mix of our energy sources. As a market leader in the financing of wind and solar generating capacity, JPMorgan Chase expects to grow its renewable energy investments as the demand for clean energy continues to increase.
 

J.P.Morgan's Impact in the U.S. Renewable Energy Industry

  • Since 2003, J.P. Morgan has invested or arranged $6.7bn of tax equity capital in renewable energy projects:
    • Invested $3.2 billion of J.P.Morgan's capital
    • Arranged $3.5 billion of third party capital
  • J.P. Morgan's renewable energy portfolio includes
    • 67 wind farms representing over 6,500 megawatts of capacity located in 18 different states
    • 13 solar sites including 12 solar photovoltaic projects and the largest solar energy project built in more than a decade (Nevada Solar One, 64 megawatt solar facility)
  • 2010 activity:
    • We raised $1.2 billion including $960 million of J.P. Morgan capital
    • We financed 23 facilities totaling 780 megawatts, including 4 geothermal plants.



J.P. Morgan's impact on the wind power capacity in the U.S. The total installed wind capacity of more than 6,500 megawatts can power close to 1.9 million U.S. homes annually, and represents more than 16% of total installed wind power capacity in the United States.


 

Reducing Greenhouse Gas Emissions through Market-Based Mechanisms

As a global company, JPMorgan Chase recognizes the international consensus to reduce greenhouse gas emissions and is proud to be a major participant in the global market for emission reductions established by the Kyoto Protocol. To help our clients manage the risk of a carbon price, JPMorgan Chase's wholly-owned independent subsidiary, EcoSecurities, originates and manages the world's largest portfolio of emission reduction projects eligible to be used for compliance under the European Union's Emission Trading Scheme and other national programs. While achieving additional, verifiable and permanent emission reductions is the primary objective of EcoSecurities' projects, through creativity and partnerships with others we are able to achieve meaningful social co-benefits such as reducing poverty, improving air quality and reducing respiratory disease, to take one example.

Learn more in the Following Case Studies


As part of JPMorgan Chase's climate change risk management strategies, the Environmental Markets Group helps clients structure and manage complex exposures to carbon and other environmental regulatory risks.