Singapore's Temasek commits S$5 billion to set up climate-focused investment platform

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GenZero aims to accelerate decarbonisation and help Temasek meet its net-zero emissions goals.

GenZero seeks to deliver positive climate impact alongside long-term sustainable financial returns. It will invest across three focus areas: technology-based solutions, nature-based solutions and carbon ecosystem enablers.Investments already made by GenZero include Newlight, a US-based maker of biomaterial made from methane, which can displace plastics.

GenZero is currently working with Decarbonization Partners, a Temasek-BlackRock partnership launching a series of funds that focus on late-stage venture capital and early growth private equity decarbonisation solutions investments; and Brookfield Global Transition Fund, which targets investment opportunities relating to reducing emissions and energy consumption.

To support the carbon ecosystem, GenZero has invested in global climate solutions firm South Pole, which develops and implements emission reduction projects and strategies for organisations and governments. In addition, GenZero has made an investment in Perennial, a US-based early-stage start-up using artificial intelligence and remote sensing to accurately quantify soil organic carbon sequestration on agricultural lands.

 

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