ANZ business customers who invest in activities that cut their carbon emissions will be eligible for discounted loans under a new plan with the CEFC.
Australia and New Zealand Banking Group and the government’s Clean Energy Financing Commission have teamed up to offer $200 million of discounted financing to business customers to invest in activities designed to cut their carbon emissions.
Ian Learmonth, CEO of the Clean Energy Finance Corporation, says it is important to help small and medium-sized businesses make investments in energy efficiency.The program is an extension of the CEFC’s co-financing work across sectors, which it said had so far allowed financial institutions to provide more than 5500 asset loans to business borrowers Australia-wide., aimed at encouraging the use of more sustainable building materials.
“Small to medium businesses are a critical part of Australia’s economy,” CEFC chief executive Ian Learmonth said. “As the cost of energy and other inputs continues to rise, it is important to help them access the benefits that renewable energy, battery storage and energy-efficient equipment can deliver.”
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