JPMorgan has a stark message on climate change
By Moriah Costa
Published on April 23, 2026.
JPM Morgan, one of the world's largest banks, has warned its client that climate change could be an even bigger climate risk. The bank's global head of climate advisory, Sarah Kapnick, stated that potential events called "tipping points" could accelerate these risks, which could disrupt business decisions. These risks could disrupt decision-making for company executives and potentially disrupt business operations. The report suggests that climate tipping points are temperature thresholds that push certain ecosystems into a new state of change that creates irreversible damage. These points could include the melting of the ice sheets in Greenland, coral reefs dying off, the Amazon rainforest collapsing, and currents in the Atlantic weakening causing temperatures in North America and Europe to plummet. However, economic models can't account for these tipping points, which are uncertain and therefore pricing in future risk can be difficult.
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