We conduct public interest financial analysis on the most profound economic transformation since the industrial revolution: the transition from fossil fuels to clean energy.
Climate Energy Finance (CEF) is a think tank established in 2022 that works probono in the public interest to accelerate decarbonisation. We conduct research and analyses on global financial issues related to the global energy transition from fossil fuels to clean energy, as well as the implications for the Australian economy, with a key focus on the threats and opportunities for Australian investments and exports. Read more
AGL | Banking sector & Emissions | CEF NEWS UPDATES | CEF SERIES ON CRITICAL MINERALS | China | Critical minerals | Decarbonisation | Energy Crisis | Hydrogen | India & Adani | Windfall tax |
OP ED | Large fossil fuel power producers pivot to push into Australian offshore wind
JERA and Beach, two fossil fuel dinosaurs, announce a strategic pivoting into offshore wind, leveraging their financial firepower and offshore engineering expertise, respectively, to capitalise on this major new renewable energy opportunity in offshore wind in Australia. Read more
OP ED | Australian Energy Regulator flags electricity price spikes half those expected without December 2022 Albanese federal government intervention
As AER flags significant electricity price hikes from July 1, we note that these increases are half what they would have been without the federal government intervention to cap wholesale coal and gas prices in December 2022, as AER acknowledged. Our expectation is that retail prices may have peaked, and we look at the prospects for power prices against the backdrop of the rise of deflationary renewables and global race to decarbonisation. Read more
OP ED | New green energy surges past coal in China
As CEF China energy policy analyst Xuyang Dong writes, renewables are now leading China’s newly added power capacity for the first time, even as new coal power plants continue to come online. During the first quarter of 2023, China added a record 50 GW of RE capacity. Read more
CEF ANALYSIS | LANDMARK AUS-US CLIMATE, CRITICAL MINERALS AND CLEAN ENERGY COMPACT
Overnight, US President Biden and Australian PM Albanese announced a groundbreaking bilateral agreement which will increase cooperation between the two countries on energy transition, with a focus on critical minerals and cleantech supply chain. Read our initial analysis of what this means for Australia, especially in the context of the massive $800bn US inflation Reduction Act turbocharging energy transition there. Read more
AGL China Critical minerals Decarbonisation Energy crisis Hydrogen India & Adani Windfall tax
Mission critical: Can Australia win from the clean energy arms race?
The Sydney Morning Herald
“We have been a dig and ship country for 50 years,” says Tim Buckley. “Fifty per cent of the entire world’s lithium supply came from Australia last year. We have the opportunity to play at world scale, as we do in iron ore, as we do in gold, and as we do in thermal coal” but we must do more to value-add by processing onshore. Read more
Pentagon to secure Australian minerals in green deal
The Saturday Paper
“America has announced 40 gigawatts of new solar module manufacturing capacity in the last six months, on the back of the Inflation Reduction Act – a six-fold expansion [in] American solar module manufacturing capacity. China has announced 294 gigawatts of new solar module manufacturing capacity in just the last three months, all of which will be commissioned within the next two years, if not sooner,” says Buckley. “The IEA says China accounted for 65 per cent of global clean tech manufacturing factory expansions in the first three months of this year.” Read more
OP ED | Latest hike could be power price peak – as long as we decouple from inflationary fossil fuels
Tim Buckley: ” A halving of installed solar costs by 2030 will accelerate the energy transition and progressively unwind the fossil fuel cost of living crisis inflicted in 2022/23, and create a medium term deflationary tailwind to offset the rising interest rate cycle hitting households in 2023.” Read more
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