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Temasek pledges $5 billion for climate-focused investment platform

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AsiaOne has launched EarthOne, a new section dedicated to environmental issues — because we love the planet and we believe science. Find articles like this there. Singapore's Temasek Holdings has committed an initial $5 billion to launch its GenZero investment platform aimed at accelerating decarbonisation, marking one of the largest such outlays by a state investor. GenZero will invest globally...

Singapore's Temasek Holdings has committed an initial $5 billion to launch its GenZero investment platform aimed at accelerating decarbonisation, marking one of the largest such outlays by a state investor.

"GenZero will not only support Temasek's efforts as we strive towards halving our portfolio's net emissions by 2030 and working towards a net-zero portfolio by 2050, but also those of the wider ecosystem," Steve Howard, chief sustainability officer at Temasek International, said in the statement. These include Newlight, a US-based manufacturer of biomaterial produced from methane to displace plastics, and US start-up Perennial, which uses artificial intelligence and remote sensing to detect the presence of carbon on agricultural land.

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