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Temasek-backed investment firm GenZero and Mizuho Bank join forces to help Asia quit coal

Summary by The Straits Times
The private sector tie-up aims to push the fossil fuel's phase-out by paying coal plants to close early.

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The Straits TimesThe Straits Times

Temasek-backed investment firm GenZero and Mizuho Bank join forces to help Asia quit coal

The private sector tie-up aims to push the fossil fuel's phase-out by paying coal plants to close early.

·Singapore
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ESG TodayESG Today

Mizuho, GenZero to Develop Transition Credits to Accelerate Shift to Clean Energy

Tokyo-based banking and financial services company Mizuho Bank and Temasek-owned decarbonization solutions-focused investment platform GenZero announced today a new partnership aimed at developing transition credits to help fund the acceleration of the early retirement of coal-fired power plants. Coal is by far the largest source of energy-based CO2 emissions globally, according to the International Energy […]

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Carbon PulseCarbon Pulse

Major Japanese bank partners with GenZero to fund coal plant closures in Asia « Carbon Pulse

A Japanese bank on Thursday partnered with GenZero, a subsidiary of Singaporean government-owned investment firm Temasek, to develop transition credits for accelerating early retirement of coal-fired power plants in Asia.

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The Straits Times broke the news in Singapore on Thursday, February 20, 2025.
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