JPMorgan’s Institutional Clients Are Asking About Climate Tipping Points

JPMorgan Chase & Co.’s institutional clients have started paying more attention to so-called tipping points, with a particular focus on the extent to which weaker Atlantic currents might be making winters in northwestern Europe colder.

Such risks “are starting to be looked at as very plausible scenarios,” Sarah Kapnick, JPMorgan’s global head of climate advisory, said in an interview. And for institutional investors like pension funds and sovereign wealth funds, “these are starting to be looked at increasingly as a concern,” she said.