BlackRock-Temasek joint fund backs Carbon Direct [Private Equity Insights]

Carbon Direct, a science-first carbon management firm and software provider, today announced a $60m funding round led by Decarbonization Partners, a partnership between Temasek and BlackRock, and Quantum Energy Partners.

Carbon Direct is the leading carbon management firm working to help its global clients to meet their climate goals by reducing and removing carbon from the atmosphere. The company enables organizations to turn industry-leading carbon science into climate action through its end-to-end carbon management platform.

The United Nations’ Intergovernmental Panel on Climate Change most recent report states to meet the agreed upon climate targets and to avoid the worst impacts of climate change, emissions from all sectors of the economy must be reduced aggressively while also removing billions of tonnes of carbon from the atmosphere per year by 2050.

Source: Business Wire