Australia’s decarbonisation challenge
Australia’s transition to net zero emissions requires substantial decarbonisation at a much faster pace than we are currently achieving. While national Greenhouse Gas Accounts show we reduced emissions by 21.6 per cent on 2005 levels in the year to March 2022, we must achieve a similar reduction in just eight years to reach our targeted 43 per cent reduction by 2030.
The CEFC recognises the urgent nature of the emissions challenge, and our important role in anticipating and responding to market conditions, developing new markets, building investor confidence and crafting tailored and innovative investment products to drive lower emissions.
Equally, we recognise our investment activities are just the start of what is required. While the size of the investment requirement is seismic, so too are the opportunities.
The natural resources which powered our economy in the past century will be replaced with new resources for the next century, where we have world-leading potential in renewable energy, green hydrogen and critical minerals.
Our strong and stable financial system is giving us vital access to domestic and global capital, including the fast-growing pool of green capital seeking to preference sustainable investment.
At the same time, a commitment to innovation is transforming the way we farm, manufacture, recycle and travel, addressing some of our toughest emissions challenges while reshaping future growth.
Capitalising on these opportunities will help Australia meet its climate change challenge and share the benefits of the clean energy transition across our economy, ensuring Australia is well placed to thrive in a net zero emissions future.
Clear focus, strong ambition
to transform our emissions landscape
The CEFC began operating 10 years ago with access to $10 billion from the Australian Government. In investing an average of $1 billion each year into emissions reduction opportunities, the CEFC has earned the trust of our co-investors, business, industry and cleantech innovators. Just as CEFC capital and expertise has helped transform Australia’s renewable energy sector, we are forging into new areas, decarbonising even the hardest sectors of our economy, including in industry, transport, infrastructure, resources and natural capital.
Backing the clean
energy system of
Accelerating delivery of 3.6 GW of new solar and wind generation
Integrating clean energy into critical transmission and grid infrastructure
New storage solutions to strengthen our energy system
Creating new clean fuel sources and cutting growing waste emissions
A greener future for landmark industrial, commercial and residential assets
Transforming key national social, economic and transport assets
Re-positioning Australian agriculture for a regenerative and sustainable net zero future
Tapping into Australia’s emerging critical minerals while cutting industrial and mining emissions
Tapping into new
Australian-first climate bonds, green home loans and asset finance programs
Mobilising new sources of private investment via listed and unlisted funds
Kick-starting Australia’s green hydrogen economy for global potential
49 new and follow-on transactions
Backing entrepreneurs to commercialise new technologies and business models
Lifetime commitments to 30 June 2022. Details may be reflected across more than one category.
^ Includes $75 million commitment, closed just after 2021–22 year end.
* Includes $10 million follow-on commitment, closed after 2021–22 year end.