Temasek and BlackRock form Decarbonization Partners - Smart Energy Decisions

GHG Emissions  -  April 13, 2021

Temasek and BlackRock form Decarbonization Partners

Temasek and BlackRock, Inc. announced April 12 the establishment of a partnership called Decarbonization Partners, which will launch a series of late-stage venture capital and early growth private equity investment funds focused on advancing decarbonization solutions to accelerate global efforts to achieve a net zero economy by 2050.

Decarbonization Partners had a fundraising target of $1 billion for its first fund, including an initial capital investment of $600 million from Temasek and BlackRock. 

“The world cannot meet its net zero ambitions without transformational innovation,” said Larry Fink, Chairman and CEO of BlackRock. “For decarbonization solutions and technologies to transform our economy, they need to be scaled. To do that, they need patient, well-managed capital to support their vital goals. This partnership will help define climate solutions as a standalone asset class that is both essential to our collective mission and a historic investment opportunity created by the net zero transition.”

The Decarbonization Partners funds will deploy private capital with a focus on early-stage growth companies targeting proven, next-generation renewable and mobility technology including emerging fuel sources, grid solutions, battery storage, and electric and autonomous vehicle technologies as well as in building and manufacturing sectors to drive decarbonization, resource efficiencies, and material and process innovation.

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