Biden plans to cut greenhouse gas emissions. These stocks will win, says Morgan Stanley

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New for subscribers: Biden plans to cut greenhouse gas emissions. These stocks will win, says Morgan Stanley. Check out CNBCPro today.

The new emissions target follows heavy spending for climate-related initiatives unveiled in Biden's more than $2 trillion infrastructure plan.

"Rising demand to decarbonize offers one of the most powerful secular themes in the market ... we see a growing demand outlook for not only renewable energy solutions, such as wind & solar, but some of the potentially more transformative decarbonization technologies, such as carbon capture and storage," Morgan Stanley said.

The firm scanned its coverage universe and gave its top picks across multiple sectors: utilities and clean tech, autos and shared mobility, multi-industry and energy.

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