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

Clean Energy Finance Corporation Outcome 1

Description

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.

Body Outcome Outcome owner Contribution
Clean Energy Finance Corporation 1.1 Clean Energy Finance Corporation Australian Renewable Energy Agency Outcome 1 Australian Renewable Energy Agency

The Australian Renewable Energy Agency and the Clean Energy Finance 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.

Clean Energy Finance Corporation 1.1 Clean Energy Finance Corporation Department of Climate Change, Energy, the Environment and Water Outcome 1 Department of Climate Change, Energy, the Environment and Water

The Clean Energy Finance Corporation contributes to Outcome 1 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 Rewiring the Nation policy measure.

Clean Energy Finance Corporation 1.1 Clean Energy Finance Corporation Department of Climate Change, Energy, the Environment and Water Outcome 2 Department of Climate Change, Energy, the Environment and Water

The department has responsibility for policies that reduce waste and increase domestic recycling capacity. The Clean Energy Finance Corporation (CEFC) contributes to these policies by making 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.

Clean Energy Finance Corporation 1.1 Clean Energy Finance Corporation Great Barrier Reef Marine Park Authority Outcome 1 Great Barrier Reef Marine Park Authority

The Clean Energy Finance Corporation is making available up to $1 billion of investment finance over 10 years for the Reef Funding Program (the 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

Contributing programs
Appropriations
Appropriation Appropriation subtype 2023-24 2022-23
Budget Estimate Estimated Actual
Special Accounts 0.00 0.00
Administered Non-operating 0.00 0.00
Administered Operating 0.00 0.00
Administered Special Appropriation 0.00 0.00
Administered Special Purpose Payments 0.00 0.00
Administered Assets and Liabilities 0.00 0.00
Administered Subtotal 0.00 0.00
Departmental External Revenue 266,048,000.00 201,699,000.00
Departmental Non-operating 0.00 0.00
Departmental Operating 20,811,000.00 12,610,000.00
Departmental Special Appropriation 0.00 0.00
Departmental Equity Injections 0.00 0.00
Departmental Subtotal 286,859,000.00 214,309,000.00
Total 286,859,000.00 214,309,000.00

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