Temasek and Blackrock partner to invest US$600m in reduction of carbon emissions

GLOBAL – Temasek Holdings, the Singapore state investor and asset manager BlackRock have announced a team up to invest in private companies that use technology to reduce carbon emissions. The partnership, referred to as Decarbonization Partners, will launch a series of late-stage venture capital and early growth private equity investment funds, the two companies said in a statement. Temasek and BlackRock plan to commit a combined US$600 million in initial capital to invest across the funds, which would also raise money from third-party investors. The first fund has a target…

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