Australian Chinese Daily reports: “Diversifying away from China in the supply chain would be tough,” said Dong Xuyang, an analyst at Climate Energy Finance, an independent think tank in Sydney. “Whether people like it or not, the reality is that China is dominating the global renewable industry as a result of insufficient effort from the rest of the world. And China is producing these products at the scale and speed the global energy transition needs.” Read more

“Diversifying away from China in the supply chain would be tough,” said Dong Xuyang, an analyst at Climate Energy Finance, an independent think tank in Sydney. “Whether people like it or not, the reality is that China is dominating the global renewable industry as a result of insufficient effort from the rest of the world. And China is producing these products at the scale and speed the global energy transition needs.” Read more

“These reports detail a multitude of new allegations and report hard evidence that a web of now named associates of the Adani Group has engaged in deliberate stock price manipulation and thin capitalisation,” Tim Buckley, director of Australian-based independent think tank Climate Energy Finance, wrote on LinkedIn. Read more

Climate Energy Finance Founder, Tim Buckley, said that the package would re-industrialise the state and provide thousands of job opportunities for Australians. “A $100 billion package will help re-industrialise the nation, create hundreds of thousands of jobs, diversify our export base and revenue streams as well as increase local value-added production, secure supply chains and develop sovereign manufacturing capabilities. Read more

Utility Magazine reports that leading renewable energy businesses, unions, investors and community groups have banded together to push the Australian Government towards committing to a ten year $100 billion Renewable Industry Package in fear of the country being left behind in the global renewable energy race. Climate Energy Finance Founder, Tim Buckley, said “A $100 billion package will help re-industrialise the nation, create hundreds of thousands of jobs, diversify our export base and revenue streams as well as increase local value-added production, secure supply chains and develop sovereign manufacturing capabilities. This is climate policy as economic policy as national security policy – in the 21st century, these are fundamentally linked.” Read more

According to a report released today by Climate Energy Finance (CEF), capping the diesel fuel rebate (the Fuel Tax Credit Scheme – FCT) would save $14 billion over 7 years. It could also help to kick-start a mining electric vehicle industry in Australia, including export opportunities. Read more

Australian Mine Safety Journal reports that restricting fossil fuel incentives could accelerate the transition towards environmentally friendly alternatives, a study found. “This is not a revenue grab we are trying to encourage them to do the right thing,” Climate Energy Finance Corporation founding director Tim Buckley said according to the Australian Associated Press. Buckley suggested extra taxpayer money should be spent on luring Liebherr, Komatsu, Caterpillar and more to expand their domestic electric vehicle operations. Read more

The Biden administration’s package includes generous tax incentives for clean energy and other key technologies and has triggered a global investment race. The alliance – including the Australian Council of Trade Unions, the Australian Conservation Foundation, Climate Energy Finance and the Smart Energy Council – is calling for a $100 billion sum over 10 years. Read more

Tim Buckley told AusBiz that CEF calls for a new $100bn new capital and direct budget investment in renewables and energy transition over the next decade, as a response to Biden’s IRA, with half to focus on domestic electrification and decarbonisation, another half to focus on value-added energy transition materials exports. Part of this could be funded by a cap on the diesel rebate to mining. Read more

Tim Buckely told ABC Radio National The World Today, that there is nearly 250GW of renewable energy storage and transmission projects ready to go, and it would only 10-20% of them to deliver reliable energy. However, there is a lack of grid access, details and knowledge from the investors side, which requires our state government to work with the Federal government to accelerate the approval of the key projects that can be delivered in the next 1-2 years view, so we can make sure that the grid stays reliable. Read more

Tim Buckley told ABC Radio National Drive that the Eraring coal-fired power plants is 43 years old, which is beyond its 40 years life, has created instability of its energy supplies. Australia has been exporting all of its gas and coal and repurchase them from overseas at imported price. The LNP signed off a 2 billion dollars agreement to upgrade Snowy 2.0, as a result there will be 12 billion dollars cost for our taxpayers in 7-8 years. We should not relying on projects like Snowy, but accelerating building battery storage, fast approving solar projects across NSW and Australia to boost energy transition in Australia and protect vulnerable communities to ensure the energy transition can benefit everyone. Read more

Tim Buckley from Climate Energy Finance outlines the pressing need for Australian state and federal governments to hasten the implementation of proposed transmission projects and the adoption of renewable energy and storage, in consideration of the August 2023 Electricity Statement of Opportunities. According to Tim, there should be an equitable dispersion of the financial advantages that come from renewable energy projects throughout the impacted communities. Tim expresses optimism about Australia’s latent potential in battery storage technology, asserting the nation’s capacity to significantly contribute to the invention, advancement, and application of ground-breaking batteries. Despite increasing uranium prices, Tim disregards its feasibility in Australia due to insufficient private investment and potential environmental hazards. Read more