Singapore's Temasek and BlackRock venture closes $1.4bn climate fund

Japan's Mizuho and MUFG join investment vehicle to push decarbonization

20240425 TEMASEK / BLACKROCK LOGO

Decarbonization Partners, a joint venture between Temasek Holdings and BlackRock, on Thursday announced the final closing of its fund. (Source Photos by Reuters and AP)

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- A joint venture between Singapore state investor Temasek Holdings and BlackRock, the world's biggest asset manager, has raised $1.4 billion for its first and one of the largest venture capital funds dedicated to investing in firms with technologies to reduce carbon emissions.

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