New CEF report calls for a national iron and steel decarbonisation strategy and carbon tariff to catalyse regional investment in electric arc furnace (EAF) pipeline A new report from independent think tank Climate Energy Finance (CEF), Arc of Ambition, calls for a National Iron and Steel Decarbonisation Strategy, a Carbon Border Adjustment Mechanism, and timely strategic investment in green onshore steelmaking as urgent national policy priorities. Read more

Climate Energy Finance issued the warning on Thursday in a 69-page report into the sector that recommended greater support to take the risk out of early projects and changes to put green metals on a level playing field with imports. The findings come more than a year after the federal government launched a $1 billion Green Iron Investment Fund to support early projects and the Whyalla steelworks transformation, but also as large-scale green iron facilities failed to reach a final investment decision. Read more

Canberra Times and across 100+ mastheads: Australia must act urgently to build a domestic green steel industry or could risk losing its $120 billion iron ore export market, a report has found. Climate Energy Finance issued the warning on Thursday in a 69-page report into the sector that recommended greater support to take the risk out of early projects and changes to put green metals on a level playing field with imports. Read more

A new report from independent think tank Climate Energy Finance (CEF), Arc of Ambition, calls for a National Iron and Steel Decarbonisation Strategy, a Carbon Border Adjustment Mechanism, and timely strategic investment in green onshore steelmaking as urgent national policy priorities. This would position regional Australia in global iron and steel supply chains, as the steel sector irreversibly transitions away from highly-polluting fossil fuel-based production. Read more

Tim Buckley, founder and director of Climate Energy Finance, argues that China has delivered stellar performance in sectors including batteries, wind power and photovoltaic energy. Against the backdrop of global climate change, he said China’s endeavors, ranging from investment layouts to strategic visions, have been hugely inspiring him. Buckley also observed that China’s high-speed rail network, spanning more than 50,000 km, is “just one massive achievement in low emissions industries of the future that China is leading on.” Read more

A high-level meeting has brought together experts, policymakers and industry leaders in the capital city of Western Australia on Monday, with a spotlight on the global green transition. Around 200 representatives from governments, businesses and academic institutions across Asia, Oceania and Africa have gathered at the Boao Forum for Asia (BFA) Perth Conference, sharing their insights under the theme “Green Transition: Towards a Shared Future for Humanity and the Planet”. Read more

On July 27 local time, the Boao Forum for Asia Perth Conference was held in Perth, the capital of Western Australia. Representatives from political, business, and academic circles from various countries gathered to discuss green development under the theme “Green Transition: Towards a Shared Future for Humanity and the Planet.” Read more

The Albanese government has no immediate plans to change the diesel fuel tax rebate given the disruption caused by the Middle East war, but Labor sources speaking on condition of anonymity said the amendment gave Treasurer Jim Chalmers cover to curtail the tax concession in the future. Read more

Climate Energy Finance Director Tim Buckley says Fortescue – with chairman Andrew Forrest’s leadership – has committed to “driving decarbonisation” of its entire Scope 1 and Scope 2 emissions this decade. Read more

The world is rapidly moving to affordable clean energy, EVs, batteries and electrotech, and well over 50% this is driven by China. Analyst and financier Tim Buckley details the pace of this change with implications for Australia’s own transition, exports and carbon pricing. Read more

New South Wales has approved the plans of Australia’s largest listed coal miner to transform a retired mine site in the Hunter region into a renewable energy hub capable of dispatching 300 megawatts of energy over a 12-hour period, using a combination of pumped hydro and solar power. NSW minister for planning Paul Scully said on Wednesday that the $1.8 billion Stratford Pumped Hydro and Solar project has been given the green light for construction at the site of Yancoal Australia’s Stratford Mining Complex (SMC), a former open-cut coal mine in the Gloucester Basin, north of Newcastle. Read more

NSW has approved a $1.8 billion solar and pumped hydro project in the Hunter Valley, creating 350 construction jobs and providing enough long-duration storage to power 120,000 homes. Featured on 9 News, the report highlighted the project’s role in the state’s renewable energy transition amid ongoing political debate over energy policy. Read more