Qantas Super has joined the government’s Clean Energy Finance Corporation in an investment fund aimed at companies helping to reduce carbon emissions.
Australia’s fast-emerging climate tech industry has received a $100 million booster shot from Qantas employees’ superannuation fund and the Clean Energy Finance Corporation, helping it remain immune to the malaise infecting the broader technology sector.
While the fund is technically open-ended, it’s closed “for now” while its manager, Ellerston Capital, figures out the how to balance the long-term investment needs of a superannuation fund with the CEFC’s mandate to improve investment in clean energy technology with a no-compromise approach to risk, a spokesman for Ellerston Capital said.
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