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Our Purpose

Governance Our Purpose

The CEFC was established under the Clean Energy Finance Corporation Act 2012 (CEFC Act) which defines how the CEFC operates and invests. The CEFC is an independent statutory authority, defined as a corporate Commonwealth entity under the Public Governance, Performance and Accountability Act 2013 (PGPA Act).

Capital allocation to CEFC

The CEFC has access to $10 billion in capital, by way of special appropriations under the CEFC Act, to invest in clean energy technologies, projects and businesses. We are governed by an independent Board that reports to the Australian Parliament through our responsible Ministers.

The purpose of the CEFC is to facilitate increased flows of finance into the clean energy sector. Consistent with the object as set out in the CEFC Act, the CEFC: