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Aliases
Clean Energy Finance Corporation

Accountable authority
Board of the Clean Energy Finance Corporation
Lead Body
No
Institutional sector classification

Additional annual report requirement in establishing legislation
Yes

Section 35 of the PGPA Act applies
Yes
Section 35(3) of the PGPA Act applies
Yes

Outcome #1: Facilitate increased flows of finance into Australia's clean energy sector and facilitate the achievement of Australia's greenhouse gas emissions reduction targets, by investing in renewable energy (including finance to upgrade, expand and modernise Australia's electricity grid), low emissions and energy efficiency technologies, building industry capacity, and disseminating information to industry stakeholders
# Program Body Contribution
1.1 Australian Renewable Energy Agency Program 1.1 Australian Renewable Energy Agency

The Australian Renewable Energy Agency and the Corporation work closely on the Clean Energy Innovation Fund (CEIF), drawing on their complementary experience and expertise. The CEIF has made available $200 million capital for investment in emerging clean energy projects and businesses, targeting projects at the later end of the innovation chain while delivering a financial return to taxpayers, in addition to the public good of commercialising and improving the competitiveness of renewable energy and related technologies. Continued on following page

1.1 Department of Climate Change, Energy, the Environment and Water 1.1 Department of Climate Change, Energy, the Environment and Water

The Department of Climate Change, Energy, the Environment and Water has responsibility for policies that reduce Australia's greenhouse gas emissions, contribute to effective global action on climate change, and support technological innovation in clean and renewable energy, through developing and implementing a national response to climate change. They also support the affordable, reliable, secure and competitive operation of energy markets for the long-term benefit of the Australian community through improving Australia's energy supply, efficiency, quality, performance and productivity. The CEFC contributes to these programs by facilitating increased flows of finance into the clean energy sector and facilitating the achievement of Australia's greenhouse gas emissions reduction targets, and in providing financial support in aid of the RTN policy measure.

1.2 Department of Climate Change, Energy, the Environment and Water Program 1.2 Department of Climate Change, Energy, the Environment and Water

The Department of Climate Change, Energy, the Environment and Water has responsibility for policies that reduce Australia's greenhouse gas emissions, contribute to effective global action on climate change, and support technological innovation in clean and renewable energy, through developing and implementing a national response to climate change. They also support the affordable, reliable, secure and competitive operation of energy markets for the long-term benefit of the Australian community through improving Australia's energy supply, efficiency, quality, performance and productivity. The CEFC contributes to these programs by facilitating increased flows of finance into the clean energy sector and facilitating the achievement of Australia's greenhouse gas emissions reduction targets, and in providing financial support in aid of the RTN policy measure.

2.1 Department of Climate Change, Energy, the Environment and Water 2.1 Department of Climate Change, Energy, the Environment and Water

CEFC contributes to policies that reduce waste, promote the uptake of lower carbon materials in the built environment and increase domestic recycling capacity. CEFC makes available funding to the Clean Energy Innovation Fund and Reef Funding Program. Through the Australian Recycling Investment Fund, CEFC provides flows of finance into clean energy technologies that support the recycling of waste, in particular wastes that are - or by 1 July 2024 will be - banned for export.

2.3 Department of Climate Change, Energy, the Environment and Water 2.3 Department of Climate Change, Energy, the Environment and Water

CEFC contributes to policies that reduce waste, promote the uptake of lower carbon materials in the built environment and increase domestic recycling capacity. CEFC makes available funding to the Clean Energy Innovation Fund and Reef Funding Program. Through the Australian Recycling Investment Fund, CEFC provides flows of finance into clean energy technologies that support the recycling of waste, in particular wastes that are - or by 1 July 2024 will be - banned for export.

1.1 Department of Industry, Science and Resources 1.1 Department of Industry, Science and Resources

The Department of Industry, Science and Resources works with the CEFC to support research and commercialisation, incentivise business investment, and build industry capacity and capability in the clean energy sector. This includes ensuring that the national interest is considered in critical technologies policy development for renewable energy and low-emissions technologies.

1.2 Department of Industry, Science and Resources 1.2 Department of Industry, Science and Resources

The Department of Industry, Science and Resources works with the CEFC to support research and commercialisation, incentivise business investment, and build industry capacity and capability in the clean energy sector. This includes ensuring that the national interest is considered in critical technologies policy development for renewable energy and low-emissions technologies.

1.3 Department of Industry, Science and Resources 1.3 Department of Industry, Science and Resources

The Department of Industry, Science and Resources works with the CEFC to support research and commercialisation, incentivise business investment, and build industry capacity and capability in the clean energy sector. This includes ensuring that the national interest is considered in critical technologies policy development for renewable energy and low-emissions technologies.

1.1 Great Barrier Reef Marine Park Authority Program 1.1 Great Barrier Reef Marine Park Authority

The CEFC is making available up to $1 billion of investment finance over 10 years for the Reef Funding Program. The Program invests in clean energy projects delivered in the Great Barrier Reef catchment region. In targeting the financing of clean energy projects and businesses in the region, the Reef Funding Program supports delivery of the Australian and Queensland governments' Reef 2050 Plan.

This site is generated from open public information stored in the Finance Knowledge Graph. For more information, please see: About structure.gov.au.