Morgan Stanley commits to finance $250 billion in low-carbon solutions by 2030

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Policy support has helped raise the contribution of geothermal renewable heat to district heating in Paris (Photo: Ute Collier)

Commitment includes clean-tech and renewable energy financing, sustainable bonds, other low-carbon solutions

Morgan Stanley announced a new commitment to provide $250 billion dollars in low-carbon financing by 2030, according to a press release.

Contributing to this commitment is the firm’s activity in clean-tech and renewable energy financing, sustainable bonds and other transactions that enable low-carbon solutions.

As companies, governments and institutions transition to a low-carbon economy, Morgan Stanley says it views low-carbon financing as a win-win for business and the environment.

“This announcement reflects Morgan Stanley’s continued commitment to enabling private sector capital to find attractive opportunities in the growing market for low-carbon solutions,” said Audrey Choi, Morgan Stanley’s Chief Sustainability Officer and Chief Marketing Officer.

To date the firm has financed more than $84 billion in transactions that support clean-tech and renewable energy since 2006. Since 2013, the Firm has underwritten sustainable bond transactions worth more than $27 billion, including the issuance of its own $500 million green bond in 2015.

Governments and other entities will need to invest an estimated $90 trillion in infrastructure between 2015 and 2030 to achieve goals outlined by the Global Commission on Economy and Climate.

“Our firm’s businesses are uniquely positioned to drive the development of low-carbon solutions in partnership with our clients,” said Jeff Holzschuh, Chairman of Institutional Securities.

“Building on our experience in the space, we believe this target sets the bar for our businesses to drive impact in the growing markets for low-carbon technologies.”

This commitment will help drive capital to renewable energy development, sustainable bonds that allow companies and municipalities to advance their sustainability goals, clean-technologies and resilient infrastructure.

In Sept. 2017, the firm also issued a commitment to source 100 per cent of its global energy needs from renewable energy by 2022.

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