Singapore's Temasek Holdings has committed an initial S$5 billion ($3.6 billion) to launch its GenZero investment platform aimed at accelerating decarbonisation, marking one of the largest such outlays by a state investor.
GenZero will invest globally across three focus areas, climate-driven technologies, solutions for protecting natural ecosystems and services to reduce carbon emission, Temasek said in a statement on Monday.
"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.
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