Focus: What JP Morgan's Climate Care Acquisition Means
Published: 28 March 2008
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6 pages, 4 figures
Introduction
On March 26, 2008 JP Morgan announced the acquisition of UK-based Climate Care, including its subsidiary Pioneer Carbon, for an undisclosed sum. The 40–strong Climate Care team will become part of JP Morgan’s Environmental Markets team with decisions to be made in the future about the Climate Care brand. The rationale for the deal included investing in large-scale emissions reduction projects, supporting the voluntary market and strengthening JP Morgan’s commodities business. But what does the acquisition mean for other carbon offset firms like Carbon Clear and Native Energy and does this position JP Morgan as a competitor to emissions reduction project developers like EcoSecurities, Arreon Carbon and Camco?
How You Benefit
For carbon market participants who need to keep track of market trends this report provides a detailed analysis of JP Morgan’s acquisition of Climate Care and draws conclusions about how the strengthened Environmental Markets team at JP Morgan can exploit the additional resources. The report also includes four figures the breakdown the Climate Care project portfolio by country, project type and voluntary standard.
TABLE OF CONTENTS
Consumer Marketing Expertise For Carbon Offsets
Carbon Offset Product Enhancement Knowhow
Impressive Emissions Reduction Client List
Non-regulated Emissions Reduction Project Sourcing
A Strong Team Of Carbon Markets Experts
Revenues Of Approximately £2.5 million
DEAL RATIONALE: FUNDING PROJECTS AND ACQUIRING EXPERTISE
Invest In Large-Scale Carbon Reduction Projects
Support The Voluntary Emission Reduction Market
Strengthen JP Morgan’s Commodities Business
WHAT IT MEANS FOR THE MARKET
Carbon Offset Providers Need Help To Cross The Chasm
Corporates Will Return To Carbon Offsetting
Vertical Integration Of Funding, Advising, Developing And Marketing
Testing The Integration Of Moralists And Mammonists
TABLE OF FIGURES
Figure 1. Country locations of Climate Care emissions reduction projects
Figure 2. Standards used by Climate Care to verify emissions reductions
Figure 3. Climate Care emission reduction project types
Figure 4. Climate Care revenues for 2005, 2006 and 2007