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TF ESC-B20 creates first green industrial area in Southeast Asia

indie
3 minutes

JAKARTA, Nov 14, 2022 - (ACN Newswire via SEAPRWire.com) - The Energy, Sustainability, and Climate Business 20 Task Force (TF ESC-B20) has successfully created the First Green Industrial Area in Southeast Asia.Pertamina Headquarters (ANTARA/HO)In a statement released on Saturday, the green industry area acts as an industrial decarbonization effort, which has become an important step not only for the industry but also the cluster.Chair of the TF ESC-B20 Nicke Widyawati said that supporting decarbonization will accelerate the achievement of net zero emission that is targeted by Indonesia in 2060.Supporting the development of green industry clusters will also attract more foreign investment in the future, encouraging national economic growth and create jobs."Decarbonization of the Industrial Cluster allows us to apply an integrated approach to the transition to net zero," said Nicke Widyawati, Chair of TF ESC-B20 who is also CEO and President Director of Pertamina, in Bali, Friday (11/11).She continued that one of the important pillars of decarbonization is energy efficiency and circularity, using emerging technologies such as modernization of energy-efficient equipment and components...

SeaPRwire

Temasek, BlackRock to raise billions for carbon-cutting start-ups

elean
5 minutes

NEW YORK (BLOOMBERG) - Two of the world's most powerful money managers are joining forces to build a business on climate-change investing and raise one of the largest venture-capital funds dedicated to carbon-cutting technologies. BlackRock and Singapore's Temasek Holdings formed a new firm, Decarbonization Partners, to take stakes in start-ups that have the potential to reduce the world's reliance on fossil fuels and meet the goal of zero-carbon emissions in three decades. They're committing a total of US$600 million (S$804 million) to the effort, including US$300 million of seed capital for a US$1 billion first fund, and raising the rest from outside investors. Eventually, Decarbonization Partners aims to manage billions across multiple funds, BlackRock chief executive officer Larry Fink said in an interview with Bloomberg Television, adding, "I look at this as one of the greatest investment opportunities over our lifetimes." Although renewables are displacing coal in power generation and electric vehicles can be cost-competitive with gasoline-driven cars, there are no viable solutions for problems like large-scale storage of energy or clean alternatives to carbon-intensive cemen...