Financing Australia’s transition

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We’ve also helped expand the use of green loans, historically used to fund existing assets, to funding the construction of new assets. This is already helping developers like Charter Hall get recognition for the green credentials at the core of their design and development process.

Energy transition

At a national level, we see supporting Australia’s energy transition as critical to our future. That’s reflected in our continued support for expanding Australia’s renewable energy generation – this year we financed our 12th utility-scale solar farm in five years as well as backing our 10th greenfield wind farm development.

Despite the rapid progress, there’s a lot more work to be done. The International Energy Agency (IEA) estimates that global investment in the clean energy sector needs to increase to roughly US$4 trillion a year by 2030, from about US$1 trillion currently, to guarantee a reliable and economic supply of low-carbon energy. In the…

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