Despite being the hottest year on record, 2024 saw a cooling in attitudes towards climate action, with the realpolitik of corporate profits sidelining environmental, sustainability and governance concerns. For some companies, the reality of taking steps to achieve their green targets was shoved into the “too hard”, “too expensive”, or “just plain irrelevant” baskets.
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On his first day back in the White House, President Donald Trump wasted no time dismantling his predecessor’s climate policies and promising a new era of fossil-fuel dominance.
As promised, Trump withdrew the United States from the Paris Climate Agreement, one of dozens of executive orders he signed in the hours after being inaugurated as the 47th president.
Under Trump’s marker, the fossil fuel industry was promised new horizons and renewable energy industries were put in the back seat of the American economy.
While it’s still not clear how many of these decrees will pan out as Trump intends, the consequences are likely to be felt across the world.
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The suspension of the group came just days after its biggest member, BlackRock, said it would quit the organisation. In a letter to its clients, the New York-headquartered asset management giant said membership of the net zero initiative had “caused confusion regarding BlackRock’s practices and subjected us to legal inquiries from various public officials”.
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In this episode we discuss the highlights and the lowlights for the week and then go onto discuss the recent Climate Energy Finance report – Australia is seeing an Acceleration in our Electricity Sector Transition, putting our 82% Renewables by 2030 Target in reach.
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Tim Buckley shares his insights in a 15 minute video presentation about geopolitical energy landscape. There are geopolitical headwinds to decarbonisation in the U.S., but that just leaves more scope for a China-EU race to the top. Australia needs to collaborate with our number one trade partner.
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Tim was invited by Rob Stokes and Matt Kean to a debate on nuclear at Maquarie Uni. Rob, Matt and Tim were able to shift audience opinion. Great record to point to for anyone who has a nuclear supporter in their friends or family during the holiday season.
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The global dynamic in the energy transition focuses on Australia, Europe or the US, with occasional reference to China. The capacity and deployment stats coming out of China are staggering, and not well reported.
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The global dynamic in the energy transition focuses on Australia, Europe or the US, with occasional reference to China. The capacity and deployment stats coming out of China are staggering, and not well reported.
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The Spark Club Regular podcast aims to bring balance to the conversation and be a clear and consistent voice on global structural change in energy and the role China is playing. Tim Buckley from Climate Energy Finance is a banking analyst with deep experience on the rise and rise of China in solar, wind, batteries and EVs.
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