JPMorgan Strategy Shows US Climate Act’s Effect on Wall Street

Inside the asset management arm of JPMorgan Chase & Co., a private equity group is busy positioning itself for a seismic shift in government climate policies.

Formed at the start of last year, the team is now studying details of the Inflation Reduction Act to figure out which clean technologies are best placed to benefit from the huge US climate package.

“It’s the level and duration of the incentives that are meaningful, and really expands the remit of what we’re doing,” said Tanya Barnes, co-lead of JPMorgan Asset Management’s new strategy. She and her co-workers are looking to ...