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Morgan Stanley to install Bloom fuel cell system at NYC headquarters

Morgan Stanley recently announced that Bloom Energy will install a fuel cell system at the bank's global headquarters in New York City.The fuel cell project at 1585 Broadway is expected to be fully operational in late 2016, at which point it will provide approximately 750 kW of high-quality power to Read More...

Facebook’s newest data center will be 100% RE

Facebook will power its new Newton Data Center with 100% renewable energy. The data center, Facebook’s ninth facility, is located in Newton County, Georgia. Comprising three building totaling 970,000 square feet, it is expected to be operational in 2020."We are committed to powering our data c Read More...

Morgan Stanley to roll out LED solutions to 600+ branches

Morgan Stanley announced a new energy efficiency program that includes a turnkey LED lighting and digital controls solution to reduce lighting-related energy consumption by as much as 50% in some locations. The company is partnering with Current by GE to evaluate energy savings opportunities at more Read More...

Morgan Stanley pursuing net zero financed emissions

Morgan Stanley announced Sept. 21 that they are committed to reaching net zero financed emissions by 2050 in order to support the transition to a low-carbon economy.The financial services firm plans to focus on leadership opportunities in developing the tools and methodologies needed to measure and Read More...

New emissions reporting standard addresses carbon footprint of lending and investment

The Partnership for Carbon Accounting Financials (PCAF) announced Nov. 18 that it released the first global standard for measuring and reporting emissions associated with loans and investments.This standard, launched during London Climate Action Week, will give banks, asset managers and asset owners Read More...

Coal to exit U.S. power system by 2033

Coal is on track to disappear from the U.S. power grid by 2033 as the push for a carbon-free electricity system gains strength, according to Morgan Stanley.The fossil fuel will be supplanted largely by renewables, which will supply 39% of U.S. electricity in 2030 and 55% in 2035, said a report Read More...

Morgan Stanley’s 2030 Goal: $1 Trillion in Sustainability Support

Morgan Stanley announced its plan to provide $1 trillion in sustainability initiatives by 2030. The first large U.S. bank to commit to net-zero financed emissions by 2050, the firm has earmarked $750 billion of the trillion dollars to finance low-carbon solutions, in addition to an initial commitmen Read More...

Morgan Stanley Sets Interim Targets for Financed Emissions

Morgan Stanley announced Nov. 3 that it has set interim targets for its auto manufacturing, energy, and power sector financing in pursuit of its commitment to reach net-zero financed emissions by 2050.The financial institution is targeting $1 trillion in financing that advances the Sustainable Devel Read More...

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