The Australia Institute welcomes the opportunity to make a submission to the Environment and Communications Legislation Committee (the “Committee”) regarding the Clean Energy Finance Corporation Amendment (Carbon Capture and Storage) Bill 2017. In our recent submission to the Department of the Environment and Energy as part of the Clean Energy Finance Corporation Statutory Review, we highlighted the positive contribution the Clean Energy Finance Corporation (CEFC) has made to the Australian clean energy market. Acting as a specialised clean energy financier in the Australian market, the CEFC helped to reduce the risks facing project developers and catalyse projects and emissions reductions that would otherwise been less likely to occur.