Net Zero Fund conditions

Question

''1. Has the NRFC established separate portfolio settings for the Net Zero Fund compared with the General Fund, including target return, expected loss, default, impairment, or write-down assumptions? If yes, please provide those settings or ranges. 2. Can a project supported by the Net Zero Fund also receive support from CEFC, ARENA, or any other Commonwealth grant, tax incentive, or concessional finance program? If yes, what framework prevents duplication or subsidy stacking? 3. Given the Net Zero Fund replaces the earlier NRF target funding level of up to $3 billion for renewables and low-emissions technologies and draws from the NRF's existing $15 billion allocation, please state: (a) the amount currently allocated to the Net Zero Fund, (b) the amount currently available under the General Fund, and (c) whether any internal allocation to other NRF streams or priority areas has been reduced as a result.''

Answer

See attached response.

Documents

• Question with answer (PDF) (opens in a new tab)
• BI-085_Canavan_Net Zero Fund conditions_NRFC.pdf (opens in a new tab)