The head of Australia's $10 billion green bank is urging the incoming government to reconsider plans to axe it.

But it appears the appeals will be in vain, with the likely new climate change minister Greg Hunt confirming to the ABC that the Coalition still intends to scrap the Clean Energy Finance Corporation.

Climate researchers are up in arms, slamming the move as short-sighted and labelling the new government as the most anti-environment ever.

The Clean Energy Finance Corporation has been making hay while the sun shines, funding $560 million worth of loans investing in technologies like solar panels and wind farms.

"We're here to actually help the economy move from a high-carbon economy to a lower-carbon economy as efficiently as possible," the corporation's chief executive Oliver Yates said.

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The loans have only been running since July, and the corporation said they had led to $1.6 billion in private sector investment through co-financing schemes.

"Our investments are looking at returning on average around 5.8 per cent and cost of government funds is around 2.8 per cent so we're running quite successfully," Mr Yates said.

Not successfully enough according to the incoming government, but Mr Yates is hoping to sit down with the incoming minister to discuss the corporation's future.

"We look forward to having a consultation process with [the government] to see if the CEFC can work together with a new government and we look forward to that," he said.

It could be a fairly short consultation process according to Mr Hunt.

"We will of course meet with the board and the executive once ministerial arrangements have been confirmed and any swearing in has occurred, but our position is very clear - our policy is very clear," he said.

"We have always said we do not support the creation of a $10 billion green hedge fund."

Hunt confirms plans to keep current contracts

As for the $560 million worth of investments, Mr Hunt says he will review the status and nature of the contracts.

"We've always said that we wouldn't claw back funds that had already been paid, I think that was the prudent and responsible thing to do," Mr Hunt said.

"Not being a party to the contracts, not being a party to the details, I think the only sensible, the only responsible thing to do is to review them carefully from a position once ministerial arrangements have been confirmed and implemented."

But climate change researchers like the University of NSW's Ben McNeil believe axing the corporation is anything but sensible or responsible.

"The newly elected government, I think, is probably the most anti-environment government we've ever had, in the sense that Tony Abbott has long been a climate sceptic, he's long been quite anti a lot of environmental policies," Dr McNeil said.

The last hope for those hoping to save the corporation will come from Parliament, as the corporation cannot be shut down without approval from both houses of Parliament.

The Greens and Labor insist they will not repeal the laws, but when the balance of power shifts on July 1 next year, anything is possible.

"I mean if you think of the minor parties that now seem to control the balance of power, there's sort of a suite of guns, cars and mining parties, so they're even more anti-environment than the prime minister," Dr McNeil said.

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