We conduct public interest financial analysis on the most profound economic transformation since the industrial revolution: the transition from fossil fuels to clean energy.

“The target range for Australia’s 2035 emissions reduction target has today been set at 62-70%. Clearly the government has gone more for practical deliverability than ambition and alignment with the climate science. Australia’s 43% emissions reduction by 2030 target requires an annual 1.7% cut nationally since 2005, but the step up required is better benchmarked against the 1.5% annual reduction of 29% delivered so far over 2005-2025. Read more

Tim Buckley from Climate Energy Finance outlines growing urgency for Australia to take decisive action on climate change, highlighting stark risks for the economy and society if current trends continue. Buckley points to the Federal Government’s National Climate Risk Assessment, describing it as a clear signal of the significant economic consequences for Australia if climate science is not appropriately addressed. He calls for a government-wide approach to reforming Australia’s economy and exports, with an emphasis on pivoting the country’s leading mining sector towards value-added products that can support the decarbonisation of major trade partners. Read more

Climate Energy Finance director Tim Buckley told Region he had not seen any systematic evidence that solar farms devalued neighbouring properties in his 30 years analysing financial markets. “If anything, I’ve seen the opposite,” Mr Buckley said. “It’s in the hundreds of millions of dollars over the life of the project.” Read more