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 top 18 recipients of the fuel tax credits collectively received a $3.3 billion rebate for the diesel they used over 2024-25. Under the Safeguard Mechanism, they paid just $150m. That’s a ratio of 22 to one. The analysis is from Climate Integrity, a not-for-profit group focused on corporate accountability, which commissioned Tim Baxter from NARU Research to look at the latest figures from Climate Energy Finance. Read more

Tim Buckley, founder and director of the Australian think tank Climate Energy Finance, told China Daily that the latest decision for a pre-feasibility study into a new oil refinery is “a massive own goal, one that will do nothing to build Australia’s energy security in the short or medium term”. By the time any resulting plant is operational in five to 10 years, it will “undermine Australian energy security by locking in our dependence on imported fossil fuels for many decades to come, undermining our energy system transformation in alignment with the climate science,” he said. Read more

Australia could unlock billions of dollars in manufacturing investment by accelerating the development of low-emissions steelmaking, according to a new report from Climate Energy Finance (CEF), which warns that the country’s iron ore export industry faces growing exposure as global steelmakers decarbonise. Read more