Decarbonization Partners

Together, BlackRock and Temasek have committed US$600 million to invest in companies and proven technologies that will reduce and potentially eliminate carbon emissions.

Temasek and BlackRock share the belief that climate transition presents a significant investment opportunity. The partnership will seek to make investments in 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.

The partnership intends to raise third-party capital from investors who are committed to achieving a net zero world while also seeking to obtain long-term sustainable financial returns. In addition to expertise from BlackRock and Temasek, our partnership will convene scientists, technologists, and thought leaders in the sustainability space.

Decarbonization Partners builds on BlackRock’s deep expertise in sustainable investing and is helping to deliver on the net zero commitments we laid out in our 2021 letter to clients, which span measurement and transparency, investment management, and investment stewardship.

Our investment offerings, spanning renewable power to sustainable ETFs, are helping accelerate the transition to net zero. This partnership offers the next step in our offerings. As the world transitions to a net zero economy – seeking ways to accelerate decarbonization – Decarbonization Partners seeks to be at the center of that transformation.