Banking News

$150m invested in infrastructure fund to reduce carbon emissions

$150m invested in infrastructure fund to reduce carbon emissions

(12 April 2018 – Australia) The Clean Energy Finance Corporation (CEFC) is investing $150m in IFM, Australia’s largest infrastructure fund.

The investment is to drive emissions reduction across some of Australia’s biggest airports, ports and electricity infrastructure assets including Melbourne and Brisbane airports, Sydney’s Port Botany and Ausgrid.

Infrastructure-related emissions account for more than half of Australia’s total greenhouse gas emissions and the CEFC estimate that a 5 percent improvement in emissions from the above assets would abate almost 69,000 tonnes of CO2 equivalent annually. This is equivalent to removing 14,775 cars from the road each year or providing electricity to around 7,450 homes a year.

The CEFC is a specialist clean energy financier charged with increasing the flow of finance into renewable energy, energy efficiency and low-emissions technologies.

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