As "transition finance" becomes a trend on Wall Street, jpmorgan remains reluctant to embrace it.

JPMorgan still has doubts about a trend embraced by many Wall Street peers. "Transition finance" exists in a regulatory gray area, describing the allocation of capital to activities that ultimately help reduce carbon emissions in the broader economy. Financing for decarbonizing businesses is also seen as a massive business area, with Apollo Global Management Inc. recently mentioning that energy transition could bring about $50 trillion in investment opportunities over the next few decades. Against this backdrop, some large banks on Wall Street are

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