, Singapore
210 views
Photo by Andrea Piacquadio from Pexels

Temasek’s GenZero, Tencent enter MoU on climate solutions

Tencent will offtake one million carbon credits from GenZero's portfolio.

Temasek’s GenZero and Tencent, an internet and technology company, have entered into a memorandum of understanding (MoU) to mobilise capital towards high-integrity climate solutions.

Under the MoU, Tencent will offtake one million carbon credits within GenZero's investment portfolio over a period of 15 years. This represents an estimated abatement of at least one million tonnes of greenhouse gases.

All projects will be verified under leading international standards or the Paris Agreement Crediting Mechanism to ensure real, measurable, and verifiable emissions reductions.

Both will prioritise projects in areas where finance is most needed, whilst also ensuring that these projects deliver co-benefits such as improved local livelihoods.

Another core focus is to enhance transparency and rebuild trust in international carbon markets by de-risking high-quality carbon projects through the support of pre-feasibility studies, MRV (monitoring, reporting and verification) technology and improving liquidity. 
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.