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Rama Variankaval, an executive at JPMorgan Chase, believes that decarbonization is a megatrend that will impact every business globally. JPMorgan aims to finance over $2.5 trillion in the next decade to support climate and sustainable development goals. The focus on decarbonization has increased in recent years, driven by factors such as the Paris Climate Agreement and the Biden administration’s climate bill. The IRA has accelerated investments in decarbonization technologies, and JPMorgan wants to be a leader in helping clients navigate this transition. The bank also sees opportunities in supporting climate tech companies.

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