SINGAPORE: Temasek on Monday announced the launch of GenZero, a new investment platform company that aims to accelerate decarbonisation globally.
“The climate crisis is intensifying and the latest report by the Intergovernmental Panel on Climate Change has warned that the world is not on track to limit global temperature rise to 1.5 degrees Celsius above pre-industrial levels,” Temasek said. GenZero’s focus areas “present a holistic and integrated approach to address the emissions gap, with solutions across both the near- and longer-term horizons”, the company added.Resorts World Sentosa and NUS set up laboratory for biodiversity conservation and decarbonisation researchTemasek International managing director for sustainable solutions Frederick Teo has been designated as GenZero’s CEO, and will fully transition to the role on Jul 1.
“Besides deploying capital, we will work with our investee companies to address operational challenges and accelerate the deployment of their solutions to achieve our shared net zero target.”