- Temasek allocates $78M for climate action initiatives
- Funds aim to attract additional investment
- Focus on overcoming Asia’s unique environmental challenges
Green dreams, big bucks
Singapore’s state investor Temasek is taking a bold step in the fight against climate change. The firm has earmarked S$100 million ($77.67 million) as Concessional Capital for Climate Action (CCCA), aiming to accelerate the green transition and support initiatives that might struggle to secure traditional funding.
Flexing financial muscles for the planet
This cash injection isn’t your average investment. CCCA offers more flexible and patient financing, designed to tackle market barriers head-on.
By providing this concessional capital, Temasek hopes to attract additional investment from both commercial and philanthropic sources, amplifying its impact on climate action.
Asia in the spotlight
Temasek recognizes that the climate battle will be won or lost in Asia. The region faces unique challenges, but also holds enormous potential for change.
CCCA aims to address these hurdles, focusing on projects like marginally bankable clean infrastructure initiatives across the continent.
