In the hopes of cutting the net carbon emissions of its portfolio, Temasek, Singapore’s state investment company, will lift its internal carbon price from US$42 to US$50 per tonne of carbon dioxide this year, with plans to further raise it to US$100 by the end of the decade.
Russell Tham, Temasek’s joint head of enterprise development group and head of strategic development, stated that the group has established environmental, social, and governance (ESG) frameworks as part of its investment strategy and will have sustainably-linked incentives for its internal carbon price in the near future.
