- Katy Bachman, Mediaweek

Coca-Cola's new digital billboard in New York's Times Square is not only going green via wind power, but it also has started a trend among 30 billboards at the iconic intersection of 47th Street and Broadway in Manhattan.

According to Coke, the group of wind-powered billboards have an electric supply agreement with ConEdison Solutions and the building management company. Collectively, the group's green initiative will prevent the release of 1,866 metric tons of carbon dioxide each year.

Coke also said it plans to debut a new "green" ad on New Year's Eve themed, "Refresh. Recycle. Repeat." The ad touts the beverage giant's goal to recycle or reuse 100 percent of the aluminum cans and plastic bottles it sells in the U.S., part of the company's "Live Positively" operating philosophy.

"Coca-Cola has always held a historic place in Times Square, where we've been one of the longest continuous billboard advertisers, starting in 1932, and we are proud to lead this renewable energy movement on the Great White Way," said Dana Barba, assistant vp, portfolio operations at Coke.

Early next year, Coke plans a recycling education event in New York City's Bryant Park. On Jan. 10-11, the Coca-Cola Recycling Team will be outside the New York Public Library, where consumers can learn about recycling, play trivia and interactive games, and view items made from recycled bottles.