What we do

CORENA provides a practical and effective way for ‘the people’ to collectively fund new renewable energy installations and to ‘electrify everything’ NOW instead of just waiting on government action.

Our revolving fund model enables all of us who want immediate reductions in carbon emissions to chip in and collectively help pay for practical climate-beneficial projects. Small amounts of money from LOTS of people can achieve much more than any of us can alone.

CORENA project loans pay for:
– Solar PV
– Energy efficiency
– replacement of fossil gas appliances with electric alternatives
– electric vehicles (to cover the difference in purchase cost)
– a combination of the above

We receive, record, and transparently report voluntary contributions from the public. We use that money to give interest-free loans to pay for Quick Win climate projects based on expert advice on the most effective use of funds, and we report all expenditure.

As a project ‘pays for itself’, the loans are repaid out of savings on expenses and we use that money again and again in subsequent projects. In our first 5 years, each dollar donated to our first climate project paid a total of $2.44 of project costs as loan repayments from the first helped pay for subsequent ones, and they continue to do so – that dollar will never be ‘used up’.

Australia has the technology for a rapid transition away from fossil fuel use and towards generating 100% renewable electricity, and using it to avoid carbon emissions from ‘dirty’ electricity, fossil gas usage, and transport. We also have plenty of people who want to ‘do something’ to tackle the climate emergency. CORENA brings together these people and this technology via CORENA’s simple outside-the-box Quick Win climate project funding model to enable us all to make a difference.