Rising GHG emissions continues to be a global concern
Approximately two-thirds of global greenhouse gas emissions are linked to burning fossil fuels for producing energy used by the heating, electricity and transport sectors. Since the early 2000s, Asia-Pacific has become the dominant source of CO2 emissions globally, representing 25% of all global CO2 emissions, produced across all sectors. Without action towards reducing emissions, the impending climate emergency will result in irreversible consequences for societies and the environment.
Decarbonising South-East Asia
We invested in Singapore-headquartered Sunseap for its ability to address the decarbonisation challenge by aiding the transition from emissions-intensive energy sources to renewable energy for South-East Asia region. Sunseap provides increased access to affordable, clean energy, contributing to a significant reduction in greenhouse gas emissions.
We exited our investment from Sunseap by selling our stake to leading global renewables energy producer EDP Renewables (“EDPR”) in November 2021.