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JP Morgan Exclusive: New Green Tech Funding Model Explained

Chuka Umunna, the head of EMEA ESG and green economy investment banking at JP Morgan, has called for a new funding model in the green technology industry.

JP Morgan Chase & Co. building in Central, Hong Kong. Photo: Getty Images
JP Morgan Chase & Co. building in Central, Hong Kong. Photo: Getty Images

Speaking at the Reuters Energy Transition Europe 2023 event in London, Umunna highlighted that certain sectors, like sustainable farming, are not receiving sufficient capital and need support.

Umunna noted that the majority of capital raised in green technology is directed towards electric vehicles and low-carbon energy, while other areas such as sustainable food ecosystems, which contribute significantly to global greenhouse emissions, are being overlooked.

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