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Temasek Pledges $5bn for Green Funding Arm – Straits Times

GenZero, which will be wholly owned by Temasek, aims to deploy capital in ventures that will help achieve net-zero greenhouse gas emissions by 2050


Singapore sovereign wealth fund Temasek Holdings has pledged $5 billion for a green investment firm, GenZero, that will scale up global efforts to slash emissions and fight climate change.
Singapore sovereign wealth fund Temasek Holdings has pledged $5 billion for a green investment firm, GenZero, that will scale up global efforts to slash emissions and fight climate change. File photo: Reuters.

 

Singapore sovereign wealth fund Temasek Holdings has pledged $5 billion for a green investment firm that will scale up global efforts to slash emissions and fight climate change, The Straits Times reported.

GenZero, which will be wholly owned by Temasek, aims to deploy capital in ventures that will help achieve net-zero greenhouse gas emissions by 2050 and restrict global warming to 1.5 degrees Celsius above pre-industrial levels, the report added.

Read the full report: The Straits Times.

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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