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Stock impact report

New York's First Electric Skyscraper Promises Luxury With Lower Emissions [BNN Bloomberg (Canada)]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: BNN Bloomberg
downtown Brooklyn, across from the red-and-silver sign of the Brooklyn Academy of Music — long seemed like just another construction site. But there's something unique about the project's first phase, a 44-story tower that opened this spring. Surrounded by buildings that rely heavily on gas and oil for energy, 505 State Street is New York's first all-electric skyscraper. Energy-efficient buildings like it will be crucial to the city's push to cut its greenhouse gas emissions 80% over 2019 levels by 2050. Nationwide, the biggest single source of emissions is transportation, dominated by low-occupancy cars and trucks. But in New York, most people use mass transit instead of driving. That means buildings “are by far the largest source” of climate pollution in the city, said Christopher Halfnight, senior director of research and policy at the Urban Green Council, a nonprofit focused on energy efficiency in buildings. Gas- and oil-burning furnaces and water heaters are together respons Show less Read more
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