SINGAPORE - Singaporean state-owned investor Temasek said on Monday that it is setting aside S$100 million ($77.43 million) as a community gift to support climate action initiatives that will accelerate the green energy transition.

The funds will come from Temasek’s community gifts, which are philantrophic in nature. Read more at straitstimes.com.

Singapore's state investor Temasek announced that it has committed S$100 million towards combating climate change.

The concessional capital will provide “more flexible, patient and favourable financing” to support marginally bankable projects that contribute to climate action, says Temasek's chairman Lim Boon Heng.

Singaporean state-owned investor Temasek said on Monday that it is setting aside S$100 million ($77.43 million) as a community gift to support climate action initiatives that will accelerate the green energy transition.