A landmark CEFC investment to decarbonise Australian ports will pioneer the use of green finance to steer the hard to abate industry toward lower emissions. The $70 million CEFC commitment to Flinders Port Holdings (FPH) is the first CEFC direct finance in the maritime sector and the first green financing of container stevedoring operations in Australia.
The CEFC capital will finance electrification initiatives across FPH’s seven South Australian ports to demonstrate a decarbonisation pathway for the emissions intensive sector and enable Australia to benefit from the global net zero maritime transition.
FPH will introduce a range of measures to transition and accelerate towards low and zero emissions technologies and operations for customers.
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