Funding available for Clean Energy Projects in Reef Catchment Area
Financing options are available for clean energy projects in the Great Barrier Reef Catchment area through The Clean Energy Finance Corporation's (CEFC) Reef Funding Program. The $1 billion investment program makes finance options available for projects which support the delivery of the Government's Reef 2050 plan, with an aim to bring benefits to support the long-term health of the Great Barrier Reef.
The Reef Funding Program supports projects across renewable energy, energy efficiency, and low emissions technologies across a number of sectors, including tourism.
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Invest in renewables or hybrids of renewables with other technologies |
Invest in energy efficiency, including energy conservation and demand management |
Invest in technologies and supply of goods or services that reduce emissions |
The Clean Energy Finance Corporation invests to stimulate the flow of finance into the clean energy sector. Their mission is to accelerate Australia's transformation towards a more competitive economy in a carbon constrained world, by acting as a catalyst to increase investment in emissions reduction. Their investment strategy is focused on cleaner power solutions and previously have included large and small-scale solar, wind and bioenergy, infrastructure, and energy efficient property and vehicles. The CEFC also invests with co-financiers to develop new sources of capital for the clean energy sector, including climate bonds, equity funds, aggregation facilities and other financial solutions. The CEFC operates under the Clean Energy Finance Corporation Act 2012.
Find out more about the Reef Funding Program here.
Learn more about financing options here.
(Image credit: Flickr - Kyle MacKenzie)