Oliver Yates has been appointed the head of the Clean Energy Finance Corporation’s (CEFC) board. The former Macquarie Group banker will be responsible for managing how $13 billion in green investments will be allocated. The scheme is to drive clean energy products and is expected to drive around $100 billion in investments in the renewables sector over the period to 2050. The main activities of this scheme include the commercialisation and deployment of clean technology.
There are other scheme that are tackling climate change including the $3.2 billion being invested in research, development and commercialisation of renewable energy sector with the Australian Renewable Energy Agency. There is also $200 million in funding for the research and development of clean technologies with the Clean Technology Innovation Program. Further, there is the Renewable Energy Target that promotes the use of renewable energy through the carbon price.
For more information can be found here on climate change grants.