Temasek Holdings commits an initial $3.6bn to set up GenZero, an investment platform company that aims to accelerate decarbonisation and help meet its net-zero emissions goals.
Besides deploying capital, GenZero will work with investee companies to address operational challenges and accelerate the deployment of their solutions to achieve our shared net zero target, he added.
GenZero is currently working with Decarbonization Partners, a Temasek-BlackRock partnership launching a series of funds that focus on late-stage venture capital and early growth private equity decarbonisation solutions investments; and Brookfield Global Transition Fund, which targets investment opportunities relating to reducing emissions and energy consumption.
Read more: Yahoo Finance
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