ANNOUNCED AS TEMPORARYNo
On 18 June 2018, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 90 million (USD 66.85 million) to NAB Trust Services Limited for the creation of green investment opportunities for fixed income investors such as pensions and superannuation funds.
The new Low Carbon Shared Portfolio is backed by senior loans to seven wind and large-scale solar farms that are expected to avoid more than 2,500,000 tonnes of CO2 emissions every year.
Clean Energy Finance Corporation
The Clean Energy Finance Corporation is a government-funded financier created to fund clean energies. To achieve these goals, the Australian government has provided credits of AUD 2 billion each year from 1 July 2013.
The statutory text, the Clean Energy Finance Act 2012, states that only solely or mainly Australian-based investments are eligible for these resources.
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