LONDON, May 8 (Reuters) - JP Morgan has bolstered its

green finance and advisory offering in Europe with a new

division head to support clients across renewable energy and

green technology.

The Wall Street lender has promoted Kai-Christian Nerger to

the newly created role of head of green economy banking for

Europe within its global corporate banking business, an internal

memo seen by Reuters on Thursday said.

Nerger, who has been at JP Morgan for more than 10 years,

will lead a team helping the bank's European clients reduce

their carbon emissions and benefit from growth opportunities in

the green economy.

Nerger previously worked in the bank's diversified

industries and power and renewables coverage teams. Most

recently he was focused on industrial, utility and green economy

clients in Germany, the memo said.

There has been a scaling back of climate ambitions at some North

American and European banks, both before and after the election

of U.S. President Donald Trump. JP Morgan itself in early

January exited a banking alliance aimed at furthering climate

ambitions in the sector.

JP Morgan said in the memo that it continues to focus on

helping clients scale energy transition and climate tech

businesses around the world.

JP Morgan has earmarked $1 trillion for initiatives that

support climate action and facilitated $242 billion towards its

green target since 2021.