25 March 2024
To: Australian Government Department of Climate Change, Energy, the Environment and Water (DCCEEW)
RE: Expanded Capacity Investment Scheme (CIS) – Design Paper
Thank you for the opportunity for the Institute for Energy Economics and Financial Analysis (IEEFA) to provide input to the Expanded Capacity Investment Scheme (CIS) – Design Paper. IEEFA is an energy finance think tank that examines issues related to energy markets, trends and policies. The Institute’s mission is to accelerate the transition to a diverse, sustainable and profitable energy economy.
IEEFA believes the expansion of the CIS to a total of 32GW of clean dispatchable and renewable capacity, comprising 23GW of renewable capacity and 9GW of clean dispatchable capacity, will help catalyse private finance and accelerate the energy transition in Australia.
Kind regards,
Johanna Bowyer, Lead Analyst – Australian Electricity, IEEFA
Tristan Edis, IEEFA Guest Contributor
Saurabh Trivedi, IEEFA Sustainable Finance Specialist