We conduct public interest financial analysis on the most profound economic transformation since the industrial revolution: the transition from fossil fuels to clean energy.
About
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
Our Work
AGL | CEF NEWSLETTER | China | CHINA MONTHLY ENERGY UPDATE | Coal/electricity/electrification | Critical minerals | CRITICAL MINERALS SERIES 2022-23 | Decarbonisation | Energy Crisis | Finance Sector & Emissions | Green Iron | Hydrogen | India & Adani | Nuclear | Podcasts | Solar | Submissions | Taxes & subsidies | US IRA/ NZIA et al |
REPORT | Green Metal Statecraft: Policy, Investment and Technology Trends in the Green Iron Evolution
Update report on global and domestic investment, technology and enabling policy trends that will underpin the transformation of the iron and steel value chain, building on our Green Metal Statecraft report of November 2024. Read more
PRESENTATION | Energy Tracker Asia: Coking Coal Webinar
China is the world leader in almost all zero emissions industries of the future. China is more than half the world’s solar installs – both distributed and utility scale, and more than half the world’s wind installs – dominating both onshore and offshore wind. China installed half the world’s BESS in 2025, and was far more than half of all new energy vehicle sales. Read more
Media
AER AGL Aluminium Batteries Battery Budget BYD CATL CBAM China Coal Critical minerals Decarbonisation Diesel DMO Election Electric Vehicle Electricity/electrification electrostate Energy crisis Federal Election Finance Sector & Emissions Gas Green Iron/Steel Hydrogen India & Adani Methane Nuclear offshore wind Oil OP EDS Peter Dutton Podcasts Renewables Solar Tariff Taxes and subsidies US IRA/EU NZIA et al Wind
Australia’s green iron advantage at risk as projects stall and China, Africa and Middle East take the lead
Renew Economy
Australia has 11 green iron proposals dotted across Western Australia, South Australia and Queensland, but none are ready for commercial production. While the federal government had launched programs to financially support their development, Climate Energy Finance director Tim Buckley said greater urgency was needed in the public and private sectors to launch projects and learn from them. “My key recommendation to the federal government is let’s actually get one, two or three first-of-a-kind (direct reduced iron) or green hydrogen-based iron projects at semi-commercial or commercial scale up and running,” he told AAP. Read more
MEDIA RELEASE | NEW REPORT: GLOBAL GREEN IRON & STEEL PROGRESS SPORADIC & MISALIGNED WITH CLIMATE SCIENCE, REQUIRING POLICY STEPCHANGE
___
A new report by independent think tank Climate Energy Finance tracking policy, investment and technology trends in the global green iron and steel industry finds decarbonisation and electrification of the industry is undergoing structural recalibration, from speculative optimism and green hydrogen hype to incremental, halting and sporadic progress at a pace misaligned with the climate science. Steel production accounts for 7-9% of global emissions. Read more
Competition puts Australia’s green iron edge at risk
Kyabram Free Press
The Climate Energy Finance report, called Green Metal Statecraft, analysed progress in green iron and steel projects across Europe, Africa and Asia, as well as policies supporting their development. Green iron is produced using renewable energy, such as hydrogen, solar and wind power, rather than coal or gas and has the potential to cut 90 per cent of emissions from the steelmaking process. Australia has long been considered a potential leader in the industry due to its access to iron ore, renewable energy, and strong trade relationships with Southeast Asia. But other nations were moving faster than Australia to establish a green metals industry, lead author and net-zero transformation analyst Matt Pollard said. Read more
Sign up for updates
Sign up to receive occasional updates on major climate and energy finance news and developments, and notification of new reports, presentations and resources.
"*" indicates required fields
Read our privacy statement here.