Temasek pledges $5 billion for climate-focused investment platform

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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Singapore's Temasek commits S$5 billion to set up climate-focused investment platformTemasek commits an initial amount of S$5 billion to set up GenZero, an investment platform company that aims to accelerate decarbonisation globally.
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