in News Departments > New & Noteworthy
print the content item

Morgan Stanley, a global financial services firm, has created the Morgan Stanley Carbon Bank to assist clients who wish to be carbon neutral. The program is the market's first broadly offered service providing integrated carbon verification and offsetting capabilities based on recognized international standards, according to Morgan Stanley.

Under the new service, clients will calculate their emissions inventories and carbon footprints by applying the monitoring standards of the Greenhouse Gas Protocol Initiative, developed by World Resources Institute and the World Business Council for Sustainable Development. Det Norske Veritas, an international provider of emissions data certification, will verify these emissions inventories and calculated carbon footprints.

Morgan Stanley's commodities group will procure and cancel carbon credits equivalent to a client's verified carbon footprint, the company explains. Clients will be able to select their preferred sources of carbon credits.


Trachte Inc._id1770
Latest Top Stories

Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.

Renewable NRG_id1934
Canwea_id1984
Navigant_id1983