Supporting Australian climate bonds
Climate bonds have enormous potential to unlock new finance to support increased investment across the clean energy sector. The CEFC is working with issuers to demonstrate the investment potential of Australia's emerging climate bond market, which has raised some $4 billion since 2013.
CEFC investments in certified climate bonds include:
- $100m in the first climate bond issuance by the Commonwealth Bank
- $90m in the first climate bond issuance by Westpac
- $75 million in the first climate bond issuance by National Australia Bank
- $20 million to a FlexiGroup climate bond linked to residential rooftop
- $20 million to an additional FlexiGroup climate bond linked to solar PV and renewable energy assets
- $20 million to the first certified Australian dollar green bond issued by the Investa Office Fund
- $19 million to the first green bond issued by the Investa Commercial Property Fund
- $20 million to the Monash University climate bond, a world first for the university sector
- $25 million to the first green tranche of an Australian residential mortgage backed bond by NAB
We expect climate bonds to become increasingly attractive to institutional investors and superannuation funds looking to tap into energy clean energy opportunities.