FUNDING THE TRANSITION TO A CLEAN ENERGY ECONOMY More than 85% of the total investments needed to meet the climate challenge will likely have to come from private capital…Without government actions, however, private- “ sector investment will not reach the scale required to address climate change effectively. ” An Australian Conservation Foundation report ABOUT ACF The Australian Conservation Foundation (ACF) is a national, community-based environmental organisation that has been a strong voice for the environment for over 40 years, promoting solutions through research, consultation, education and partnerships. We work with the community, business and government to protect, restore and sustain our environment. As an independent environment focused NGO that does not compete for investment or advisory mandates, ACF believes it can play a constructive role in lifting the profile of climate finance constraints and opportunities, advocating policy and regulatory settings and facilitating cross-sectoral collaboration in order to rapidly catalyse the required transition to a low carbon economy. ACF has undertaken significant work with the finance community to promote responsible investment and a closer alignment of investment mandates with environmental outcomes. For more information see: www.acfonline.org.au AUTHORS Simon O’Connor Julian Chenoweth Economic Adviser General Counsel Y Australian Conservation Foundation Australian Conservation Foundation M Contact at 03 9345 1106 or
[email protected] CONTRIBUTORS The authors would like to thank all those in the finance, energy, professional advisory and other sectors who have contributed their insights and knowledge to this report. We would also like to thank the many ACF staff, volunteers and interns who have contributed their time and research skills.