J.P. Morgan: Markets to respond to climate changes over time

Climate change is not an issue that can be solved in one day, Jennifer Wu, Global Head of Sustainable Investing Strategy at J.P. Morgan Company said during the event titled "Global Financial System: Scaling up Finance for Climate Action" organized within the framework of COP29 in Baku, Report informs.

According to Wu, significant financial resources are needed for climate impact reduction and adaptation: "We need to be patient in this matter. Although markets don't immediately react to policy changes and commitments, they will respond to changes over time. It's important to be patient to see how opportunities and risks related to climate action materialize."