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Bloomberg
Temasek Holdings Pte increased its internal carbon price to $50 a ton as the Singapore state-owned investor takes steps to meet a net zero target by 2050.
The $287 billion fund lifted the internal price from $42 a ton, and plans to increase it further to $100 a ton by 2030, according to the investor’s annual report released on Tuesday. A portion of the firm’s staff incentives will be tied to 10-year carbon targets, Temasek said.
Companies are increasingly setting the carbon prices to help assess the climate risks related to their investments.
Higher carbon prices are key to fighting climate change by making it more costly to pollute.