Singapore’s state fund, Temasek, is open to investing in high-carbon projects if they are environmentally and commercially viable. This approach aligns with its goal of achieving net-zero portfolio emissions by 2050. Temasek’s Chief Investment Officer, Rohit Sipahimalani, stated that there is a case for investing in high-emitting industries if they can be transformed. The fund plans to raise its internal carbon price from $65 per metric ton this year to $100 in 2030. As of 2024, $44 billion of Temasek’s assets, equivalent to 12% of its total net portfolio, are aligned with its “sustainable living” goals.

Source: Reuters