History and aims
CORENA is a not-for-profit charity registered with the ACNC. CORENA was incorporated on April 22, 2013, under the name Citizens Own Renewable Energy Network Australia Incorporated and has nation-wide membership. Our ABN is 92 929 665 880. Download our Constitution, Revised September 2022.
The CORENA vision is a world in which everyone who wants a safe climate is empowered to help achieve it.
Our goal is to provide a simple mechanism that enables everyone to help collectively achieve prompt and tangible climate outcomes.
Our strategy is to organise practical projects that achieve carbon emission reductions that would otherwise be unlikely to occur, and to invite everyone to chip in to collectively pay for the project costs.
We choose projects that not only reduce carbon emissions cost-effectively but also reduce operating costs. This means that an interest-free loan is sufficient to enable a project to proceed and the resultant savings on operating costs cover the loan repayments back into our revolving fund. In this way donated funds are used over and over again in subsequent projects.
The revolving fund is a key element in our approach. It means that the money donated to projects is never exhausted and continues to achieve climate benefits far into the future.