Sustainable Cities Investment Program
More than 75 per cent of Australians live in our major cities, making us one of the most urbanised countries in the world. While our cities are major contributors to national economic activity, they also play a substantial role in emissions intensity, largely as a result of infrastructure, property and transport related activities.
With all sectors experiencing growing levels of emissions, driven by economic and population factors, the CEFC continues to prioritise investment opportunities in diverse technologies and projects to help counter this trend.
Lifetime investments that were eligible for classification under the Sustainable Cities Investment Program reached $3.9 billion to 30 June 2021, boosted by new commitments of $485 million across some 2,550 large- and small-scale projects in 2020–21.
These investments attract substantial co-investment, further extending the reach of CEFC finance. In 2020–21, each dollar of CEFC finance through the Sustainable Cities Investment Program was matched by an additional $3.73 from other investors, compared with a lifetime leverage of additional investment of $3.16 for each dollar of CEFC finance committed.
New investment commitments in 2020–21 that were eligible for classification under the Sustainable Cities Investment Program included $165 million in a range of greener housing options, and $145 million in initiatives to lift the sustainability of large-scale industrial parks.
Refer to Appendix H for additional information.