JP Morgan Chase has unveiled bold new designs for a completely net-zero emissions HQ to be located in New York City. The investment bank revealed that it planned to build a 60-storey skyscraper in the middle of New York's Park Avenue which will be completely powered by renewable energy.
The super-structure will be a whopping 1,388 feet tall and eventually be completed in 2025. The groundwork has already begun, and the building - which will cost over $3 billion in total - will become the biggest all-electric tower in NYC, with net-zero emissions from its entire operation.
The cutting-edge and fully sustainable building will be powered only by clean energy sourced from a hydroelectricity plant in New York state, along with hydro storage and recycling systems to slash overall water consumption by more than 40pc.
An imposing fan-column design will feature on the groundwork of the building along with triangular-shaped bracing that will elevate the entire building 80 feet above ground. The skyscraper is being designed by a British firm, Foster + Partners. It will be 500 feet higher than the firm's previous HQ and have enough room to house 14,000 employees. The build is also expected to support the city's economic recovery after the Covid pandemic, creating over 8,000 jobs in its direct construction phase and 40,000 jobs across a variety of local industries, which together will generate nearly $30 billion every year in the Big Apple's economy.
The new zero-emissions tower is set to also become a huge tourist attraction and a powerful call to other leading businesses to adopt similarly ambitious environmental policies and approaches that help the world to combat global warming and to meet bold emissions targets while there is still time to make a difference.