Board set for $10b clean energy group

THE government's $10 billion Clean Energy Finance Corporation has chosen a prominent climate change lawyer and a former investment banker to fill its final board positions.

THE government's $10 billion Clean Energy Finance Corporation has chosen a prominent climate change lawyer and a former investment banker to fill its final board positions.

Martijn Wilder, a partner with Baker & McKenzie and an adjunct professor of climate change law at the Australian National University, will join the board on a five-year term from February. Mr Wilder is chairman of Low Carbon Australia, a government fund that will be folded into the corporation. Low Carbon's fund has committed or offered about $85 million, which with private co-financing, has channelled more than $200 million into energy efficiency and clean energy projects.

Occupying the final corporation board slot will be Paul Binsted, who was previously at Citigroup Australia and served as managing director and joint chief executive of Lazard's Australian operations.

The moves follow last month's appointment of former Macquarie Group investment banker Oliver Yates as the fund's first chief executive.

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