The Clean Energy Finance Corporation (CEFC) has committed $70 million to the QIC Global Infrastructure Fund II to drive the decarbonisation of two of Australia’s highest-emitting sectors—energy and transport.
Managed by leading infrastructure investor QIC, a key focus of the investment will be infrastructure supporting the energy transition, including smart metering, decarbonisation of transport, and renewable generation.
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CEFC head of infrastructure Julia Hinwood said, “This investment is about accelerating sectors that are critical to the energy transition and driving change where it matters most. The CEFC is supporting key infrastructure assets that enable decarbonisation and industries that are challenging to decarbonise. By targeting the infrastructure that underpins our energy and transport systems, we’re helping to accelerate the lowering of emissions across the broader Australian economy.
“Through its commitment to the fund, the CEFC will contribute capital to transition enabling assets, such as smart metering, decarbonisation of transport, and grid infrastructure—areas that represent emerging opportunities beyond the scope of traditional infrastructure portfolios. By supporting Scope 3 measures, the fund is taking the next step towards decarbonisation across the entire supply and operations value chain, setting new benchmarks for emissions accountability and climate impact.
“We’re pleased to be working again with QIC to raise the bar for sustainable infrastructure—embedding decarbonisation across the fund’s portfolio raises sustainability standards across core, and core plus infrastructure asset classes around Australia.”
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Decarbonising hard-to-abate sectors—such as heavy industry, transport, and infrastructure is a critical part of Australia’s net zero transition, with transport alone accounting for more than 22% of Australia’s national inventory.
The CEFC has made lifetime equity commitments exceeding $6002 million across infrastructure funds and platforms, influencing national infrastructure assets including airports, ports, energy companies, wireless infrastructure and health services.
