Tim Buckley outlines the triggers of the energy crisis such as the regulatory failure that has lumbered east cost consumers with export parity prices – and key solutions.
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Tim Buckley on RN Breakfast breaking down the AustralIan Energy Market Operator’s ISP – its landmark roadmap for energy transition: The $12bn in public spending earmarked “will catalyse 5-10 times that amount in private investment and, critically, drive a massive decarbonisation and deflation in energy prices”.
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Tim Buckley on the massive upscaling of investment needed in wind, solar, the grid and storage to realise AEMO’s 30 year roadmap: “The key message for consumers is that this is an investment that will drive lower power bills permanently”.
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In this extended interview, Tim Buckley details what needs to be in place to deliver the Australian Energy Market Operators 30 year $12bn plan to decarbonise Australia’s energy system.
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While China has been increasing coal production as President Xi Jinping prioritises a stable economy over climate change targets, Tim Buckley said this was expected to peak next year as it invested heavily in renewables.
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Tim Buckley on the causes and solutions of the energy crisis in this extended interview: “We have a budget, energy and climate crisis. We need permanent solutions at scale, we need to flood the market with cheap new capacity as fast as we can – wind, solar, rooftop solar – batteries, energy efficiency. And we need to make the fossil fuel producers pay tax. On policy, we’ve had a decade of stupid. Let’s not do more stupid.”
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Tim Buckley interviewed on BHP’s inability to find a buyer to offload its huge Hunter Valley Mt Arthur coal mine, the $1-1.5bn rehabilitation costs for the toxic mine site, and the federal LNP’s government’s failure to support investment in the renewable energy future.
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Tim Buckley interviewed about the energy crisis that has landed in the lap of the new federal ALP government after a decade of federal LNP government policy paralysis.
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Tim Buckley notes that the unreliability of ageing coal-fired power plants, and the multinational fossil gas cartel’s regulatory capture and control of eastern Australian gas supplies have helped create a perfect storm for eastern states’ energy markets.
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Tim Buckley says we need to reserve gas for Australians and impose a windfall tax on fossil fuel multinationals in this interview across the national Triple M network.
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Tim Buckley,: “East Australia’s energy market worked fine until 2015 when 5-6 gas firms opened Gladstone LNG exports. A regulatory failure to protect our domestic market first now sees those firms making supernormal profits and 22 million of us paying the price.”
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