Climate Politics
For Singapore’s GIC, Net-Zero Targets Aren’t Helpful in Climate-Change Fight
- Singapore fund has no plans to set a net-zero target
- GIC prefers to engage with companies, invest in green tech
Lim Chow Kiat
Photographer: Lauryn Ishak/BloombergThis article is for subscribers only.
Singapore’s sovereign wealth fund says net-zero targets aren’t much help in its climate-change fight, preferring to invest its billions in green technology while supporting energy companies in their drive to cut emissions.
“We will not be authentic if we just make a pledge without this ability in the real world to see the transition happen,” said Lim Chow Kiat, chief executive officer of GIC Pte., among the world’s largest sovereign funds.