Temasek Allocates S$100 Million for Climate Action Initiatives

Temasek, a Singaporean state-owned investor, announced a S$100 million community gift named 'Concessional Capital for Climate Action' to support clean energy projects in Asia. The fund aims to provide flexible financing for marginally bankable clean infrastructure projects. The announcement coincided with Temasek's 50th anniversary.

In a significant move towards supporting climate action, Singaporean state-owned investor Temasek has allocated S$100 million ($77.43 million) to accelerate climate action initiatives. The announcement was made on Monday.

The community gift, termed 'Concessional Capital for Climate Action,' is designed to offer patient, flexible, and favorable financial support to clean energy projects, particularly focusing on marginally bankable clean infrastructure projects in Asia.

Temasek, with a net portfolio value of $288 billion as of March 31, 2024, made this announcement during its 50th anniversary dinner, underscoring its commitment to sustainable development.