Singapore state investor Temasek Holdings and BlackRock, world’s largest asset manager, said on Tuesday they have launched a partnership to invest in firms with products and technologies that will reduce carbon emissions.
BlackRock and Temasek are committing a combined $600 million in initial capital to invest in multiple funds launched by the partnership, called ‘Decarbonization Partners’, which has a fundraising target of $1 billion for its first fund and will also raise third-party capital, the companies said in a joint statement.
