JPMorgan Closes $210 Million Carbon Loan to Draw New Investors

JPMorgan Closes $210 Million Carbon Loan to Draw New Investors

JPMorgan Chase & Co. has helped structure a first-of-its-kind lending facility for a developer of carbon credits that it hopes will lower the cost of capital and attract institutional investors to a market that’s struggled to grow amid a series of missteps and corporate apathy on climate action. The US bank, together with a syndicate of smaller lenders, closed a $210 million loan deal that will enable carbon developer Chestnut Carbon to meet its…

JPMorgan, Microsoft Back $210 Million Carbon Loan in Landmark Climate Finance Deal

JPMorgan Chase closed a landmark $210 million carbon loan to support Chestnut Carbon, a U.S.-based afforestation firm, in a move that could reshape how climate projects are financed. Microsoft also played a key role in this breakthrough. They committed to buying a large share of the high-quality carbon removal credits from the project. The dual involvement of a leading global bank and a major tech firm shows rising trust in nature-based carbon r…