The newly elected Albanese Labor Government in 2022 appointed the CEFC to take a leading role in delivery of its $20 billion Rewiring the Nation infrastructure program. Subject to parliamentary approval, the new funding would be the first injection of new capital to the CEFC in its 10-year history. The CEFC said transforming our electricity grid was one of the most important investments needed for Australia to transition to net zero emissions, providing a critical pathway to bringing low-cost renewable energy to consumers.
