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Singapore's Temasek commits $3.6b to new decarbonization vehicle

Investment platform GenZero looks to catalyze solutions that reduce emissions

Temasek has committed SG$5 billion ($3.6 billion) to establish GenZero, a decarbonization investment platform focusing on technology-based solutions, nature-based solutions and carbon-ecosystem enablers.   © Reuters
QUYNH NGUYEN, DealStreetAsia | Singapore

HANOI -- Singapore state investor Temasek has announced the launch of GenZero, a wholly owned investment platform dedicated to accelerating decarbonization globally.

According to an announcement, Temasek has committed an initial amount of 5 billion Singapore dollars ($3.6 billion) to establish the company.

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