Tim Buckley tells Xinhua that China is helping developing countries decarbonize through renewable energy leadership, international partnerships, and massive investments in emerging markets. Read more

Prof Elizabeth Thurbon writes on CEF’s green iron report and the immense strategic opportunity for Australia in establishing a green iron and steel industry Read more

Australian Mining Monthly covers CEF’s new green iron report, which finds that we face a potential 50% drop in iron ore export revenues if we fail to pivio at speed to green iron Read more

CEF director Tim Buckley discusses CEF’s major new report on Australia’s huge green iron opportunity with Kieran Gilbert on SKy Newsday. Read more

As the world’s top exporter of iron ore, Australia risks losing up to 50% of its $138 billion annual export revenues unless it invests in green iron production, according to a report by Climate Energy Finance (CEF). The report, Green Metal Statecraft: Forging Australia’s Green Iron Industry, argues that the shift towards decarbonisation in key markets such as China demands urgent action to maintain Australia’s role in the global steel supply chain. Read more

Tim Buckley said: “There’s been such a dramatic rate of technological improvement with batteries, coupled with scaling up, that any advantage other technologies may have had, to meet the evening demand peak, from five to six years ago is gone,” he said. “Batteries will do a huge amount more heavy lifting than even thought a few years ago.” Read more

Tim Buckley comments that “although networks across the country are “antagonising” Australians by creating “sun taxes”, a fee to export rooftop solar power into the grid during peak periods, the cost is still immaterial compared to the savings people get from their rooftops. “That antagonism and mistrust and misinformation is an issue,” he says. “But the real one is when you put rooftop solar in, your electricity use goes down by 50 per cent, so how does the grid operator maintain their compensation? The answer is increasing their charges. If you put a battery in as well, your grid use goes down by 90 per cent, so your retailer’s and transmission operator’s revenue goes down by 90 per cent. “In one respect the electrification trend is a perfect counter to that [because AEMO forecasts electricity use will rise by 30 per cent in the coming decade].” Read more

Tim Buckley, told the Financial Times that “China was not just exporting its clean-tech manufacturing capacity surplus but was increasingly exporting its technology, engineering, supply chain and financing capacities.” Read more

Responding to the IEA’s World Energy Outlook which tracks an ‘unprecedented growth in renewables’ and says fossil fuels will peak before 2030, Tim Buckley said: “The fossil fuel era is drawing to an inevitable close. Our future prosperity depends on hastening our energy transition and repositioning as a value-adding trade and investment leader.” “We should be deploying our solar and wind to process our energy transition materials like green iron and the critical minerals essential for cleantech onshore pre-export.” Read more

Tim Buckley on the Energy Transition Show podcast on China’s stunning transition and decarbonisation progress in Australia and India: Read more

Tim’s recent report The Green Capital Tsunami. You’ll hear the genesis for the idea and how a new theme is emerging in China’s approach to the global energy transition. The report is available for free at Climate Energy Finance. Read more

Tim Buckley talks to ABC Illawarra about the surge to 73.6% renewables in Australia’s grid in early October, and what we need to do to drive higher renewables penetration to permanently slash power bills Read more