Between 2010 and 2012, ACF played a powerful role in the creation of the Clean Energy Finance Corporation (CEFC) – a government body dedicated to investing in clean energy projects.
In 2010 our economist, Simon O’Connor, took a trip to the UK and marvelled at the green investment bank that had support of conservative politicians. He wrote a report to spark the idea for something similar here. And it quickly gained traction.
In December 2010, ACF released a report, Funding the transition to a clean energy economy, which assessed the tools used to support clean energy investment in other countries.
We were the first to put forward the blueprint for a $2 billion a year Clean Energy Finance Corporation.
The $10 billion CEFC was accepted as part of the Clean Energy Future Package in July 2011, passing through parliament as law in June 2012. In July 2014 the Clean Energy Future package was voted down and nearly dismantled by the new Senate.
In its first full year in operation, the 2013-14 financial year, the CEFC contracted investments of over $900 million in projects over $3 billion in total value.
Today, we continue to campaign for governments and businesses to make economic decisions that support life, not damage it.
Together, we can steer our economy to create a fair society in which our communities and all living things can thrive.
Over 50 years, ACF and our community have had some incredible wins. We advocated against polluting projects like the Jabiluka uranium lease. We won World Heritage listing for the Reef and Kakadu. We protected places we all love, like the Franklin River, Antarctica and the Murray-Darling. We stood with Traditional Owners to hand back country and farmers to pioneer Landcare. We won billions for clean energy and led Australia's biggest climate march, helping to win a global pollution agreement.