Reported about 8 hours ago
JPMorgan Chase & Co. is working on financing agreements to facilitate the early shutdown of coal-fired power plants, responding to global efforts to reduce reliance on coal as a major energy source. The bank is exploring various projects with an aim to help transition energy systems away from fossil fuels, despite the complexities and costs involved, particularly in developing countries. JPMorgan’s initiatives come alongside adjustments to its climate policies, as well as similar moves by other banks like HSBC and Standard Chartered, aiming to enhance the financing landscape for transitioning away from coal.
Source: YAHOO