cefc could deliver half aust' co2 cuts & make$

Interesting graphs showing the massive $50B off opportunity to address electricity, gas & water. I would imagine distributed micro CHP was in there somewhere.

Shame the new gov can't reason. Who voted them in anyway? Not I!



Link to full article

CEFC could deliver half Australia’s CO2 cuts, and make money


The $10 billion Clean Energy Finance Corporation has launched a vigorous defence of its mandate in what might be the last throw of the dice for the besieged green investment bank.

In a submission to the Senate inquiry into the Coalition’s bill that seeks to abolish the CEFC, the institution argues that the new government has misunderstood the purpose, the potential, the costs and the structure of the organisation. In fact, pretty much everything about it.
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It also says that industry is just starting to learn how it can become more efficient, protect itself against volatile and rising future energy costs. And there was potential for Australia to become a world leader in some technologies.

“Companies are just starting to understand that they can produce and consume energy on site at a cost that is significantly cheaper than grid based solutions,” it notes. “Innovation in our economy is starting.

“We are seeing manufacturers seek out their own supply of energy and turn what was previously waste into fuel. Australia could be a global innovator as all economies will face this transaction.”

The CEFC has received proposals for finance from all sectors of the economy as they grapple with the challenges this fundamental structural change is bringing. It has already committed some $536 million, for total investment of around $2.2 billion, and as at August 20, it was in active discussions with around 37 project proponents, who were seeking CEFC finance of over $2 billion for total project costs of more than $4.5 billion. It had received a total of 170 proposals for projects with an estimated value over $14.9 billion.

It uses this graph to illustrate in which sectors its pipeline of projects lies ….



And this one to illustrate where the opportunities lie to reach Australia’s emissions reduction target. The variety of industry is important, as it illustrates that the CEFC does not see itself as a mechanism to finance wind farms and solar farms only.



Cheers
SynQuasi