The Clean Energy Finance Corporation (CEFC) invests in clean energy technologies to reduce Australia’s greenhouse gas emissions.
This includes renewable energy, low emissions and energy efficiency technologies.
The CEFC is a corporate Commonwealth entity under the Public Governance, Performance and Accountability Act 2013.
To meet its legal requirements, the corporation’s investments must:
- involve a clean energy technology
- be solely or mainly based in Australia
- not involve prohibited technologies.
Background
The CEFC was established on 3 August 2012 under the Clean Energy Finance Corporation Act 2012.
Governance
The Minister for Finance and the Minister for Climate Change and Energy are responsible under the CEFC Act.
They:
- appoint members to the CEFC Board
- issue directions about the performance of the CEFC’s investment function.
Read about the board on the CEFC website.
Investment mandate
The ministers set out how they expect funds to be invested through an investment mandate.
The current mandate came into effect on 22 July 2023. It contains matters set out in the CEFC Act including a benchmark return and a risk statement for the:
- Clean Energy Finance Corporation (general portfolio)
- Rewiring the Nation Fund
- Clean Energy Innovation Fund
- Advancing Hydrogen Fund
- Powering Australia Technology Fund
- Household Energy Upgrades Fund.
More information
Read more about the CEFC and funding opportunities on the CEFC website.
For questions about policy matters, contact the Department of Climate Change, Energy, the Environment and Water.
