The Victorian EUA market has experienced rapid growth since the legislation was enabled in 2015 for all councils to participate (previously it was only available in the City of Melbourne). Current projection is for this growth to continue as more and more local governments participate in the program. Furthermore, the review of the EUA legislation and the proposed amendments will also simplify the application process, making it easier to transact for all parties. Since 2010, EUF has been used to finance renewable energy, energy and water efficiency, and building upgrade projects creating investment opportunities for over 40 businesses.