The Clean Energy Finance Corporation (CEFC) is marking its first decade of investment. The milestone reflects increasing focus on the transition to net zero emissions by 2050 as the CEFC confirms lifetime investment commitments of $10.76 billion.
Together with institutional investors, business, industry and cleantech innovators, the CEFC catalysed $37.15 billion in investment in Australia's low emissions economy in its first 10 years.
Expected lifetime emissions from CEFC investment commitments were more than 200 million tonnes of CO2e at 30 June 2022. This figure is buoyed by landmark investments in the manufacturing sector, which together are expected to eliminate 900,000 tonnes of CO2e annually.
The results come after another year of sustained investment activity, with commitments of $1.45 billion to 30 June 2022 across all areas of the clean energy economy, including the emerging hydrogen and cleantech sectors.