GenZero CEO Frederick Teo says macroeconomic uncertainty could delay returns in the carbon market. (Photo: GenZero)
Singapore-based green investment firm GenZero released its inaugural sustainability report on Sept. 1, revealing that its portfolio has helped abate 3 million tonnes of CO2 equivalent—close to half of its 2028 target.
While the company sees strong potential in Southeast Asia’s carbon credit market, it cautioned that macroeconomic uncertainty could delay carbon-related projects and extend investment return periods.
Controversial cookstove projects excluded from target
Founded in 2022 by Singapore’s state investor Temasek, GenZero focuses on accelerating decarbonization through nature-based solutions, emerging technologies, and climate services. It was launched with an initial capital commitment of US$5 billion and aims to deliver 7 million tonnes of CO2e reductions by 2028.
