The CEFC has developed financing solutions for heavy industry and resources, two sectors which play a critical role in our national economy.
CEFC investments in these two sectors aim to capitalise on their substantial potential to cut emissions, while helping position them for our net zero future.
Manufacturing produces more than 11 per cent of Australia’s direct emissions, with some 45 per cent of this coming from the manufacture of commodities. The clean energy transition presents considerable opportunities for industry – from improving existing processes to backing new industries such as green steel, low carbon cement and energy efficient chemicals production.
Mining is also a “hard-to-abate” sector, reflecting the high energy intensity of mining activities, the heavy reliance on emissions intensive fuels and the requirement for thermal energy in processing activities. We also see substantial investment opportunities to accelerate the development of the critical minerals sector, which is central to the clean energy supply chain and where Australia has clear global strengths.
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Accelerating industry action towards net zero emissions
Independent, not-for-profit bodies Climateworks Centre and Climate-KIC Australia led the development of three landmark reports, as co-convenors of the ETI:
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Mining in a low emissions economy
The CEFC and the Minerals Research Institute of Western Australia are pleased to provide new insights into the opportunities ahead in producing: The compelling case for decarbonisation – Mining in a low emissions economy.Read more
Landmark investment tackles emissions in chemical manufacturing
Read moreThe CEFC has been instrumental in facilitating the Kooragang Island Decarbonisation Project funding. Having effective emissions reduction technology available is important, but it’s the support and financing from our partners, including the CEFC, that’s critical in allowing us to effectively and efficiently implement this technology across our operations.Sanjeev GandhiOrica Managing Director and Chief Executive Officer
Novalith looks global with lithium innovation
Read moreThe future of lithium mining and refining will require the elimination of carbon-intensive energy sources, and ideally turn carbon waste into carbon value. This is what we are working towards.Steven VassiloudisCEO, Novalith
A cleaner, greener approach to manufacturing
Read moreWe’re very proud to work with the CEFC, their support has enabled Manildra Group to increase cleaner energy sources, substantially reduce our greenhouse gases and reduce coal usage entirely.John HonanManaging Director, Manildra Group
RCF Jolimont Mining Innovation Fund II to accelerate mining decarbonisation
Read moreThe METS industry is revolutionising sustainable mining by increasing the speed, efficiency, and safety of mineral extraction to help meet the exponentially increasing demand. Mining now and into the future involves automation, robotics, predictive analytics, the internet of things – these are the emerging technologies mining is using to help us get to a low emissions world.Lyle BrucePartner and Head of Funds, RCF Jolimont II
Pilbara Minerals backs lithium for battery storage
Read moreLithium is an essential part of the clean energy transition, particularly as we develop enhanced battery storage technologies that will allow us to increase the use of renewable energy, both for large-scale and small-scale projects.Ian LearmonthCEO, CEFC