Singapore's Temasek doesn't rule out high-carbon investments on road to net zero
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 09 2024
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Source: Yahoo Finance
- Temasek's Investment Strategy: Temasek, a Singapore state fund, will consider investing in fossil fuel and carbon-intensive projects if they have environmental and commercial benefits.
- Diversification of Investments: The fund sees potential in transforming high-emitting industries like coal-fired plants into renewable energy sources.
- Sustainability Goals: Temasek aims to achieve net-zero portfolio emissions by 2050 and has $32.6 billion assets aligned with sustainable living goals.
- Carbon Pricing: Plans to increase internal carbon price from $65 per metric ton to $100 by 2030 to assess investment viability and incentivize management.
- Emission Reduction Targets: Targeting a reduction in emissions from 30 million tons in 2021 to 11 million tons by 2030, with a 22% decrease in net emissions in 2021.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
