GenZero' Fred Teo: ‘We don't have the time or money to squander on dead-end solutions' in battle against climate change [Reuters]
KEPPEL CORP LTD S/ADR (KPELY)
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Source: Reuters
by Singapore government-owned Temasek Holdings, is arguably one of the most important players in financing Asia's energy transition. Temasek is a partner in the Financing Asia's Transition Partnership, announced by the Singapore government at COP28 last year, which aims to raise $5 billion to help other countries in the region decarbonise. At COP28, GenZero itself signed a memorandum of understanding with Keppel Corporation, the giant Singapore-based infrastructure and real estate asset manager, to develop clean energy and sustainable fuel projects across the Asia-Pacific region But Teo is quick to justify why Singapore itself remains 98% reliant on fossil fuels as we sit in his downtown office, which has commanding views of the famous Marina Bay Sands hotel, and the harbour beyond, crammed with ships awaiting refuelling at Singapore's fuel storage depots. The city state is one of the world's largest oil refining hubs, sitting at the centre of the worlds' busiest shipping corrid
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