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Highlights China’s Envision announces a green passport for wind turbines Envision Energy, announced this week that its main wind turbine has been internationally certified via the Environmental Product Declarations (EPD) platform. 🔹 85–90% recyclability, maximizing circular economy potential 🔹 Supply chains on track for 100% green electricity by 2028 🔹 Transparent, internationally recognized carbon accounting China’s cleantech leaders are embracing an international alignment to build collaboration and a race to the top on climate, even as the US abrogates their global leadership daily. Read more

This sends a clear signal to the international community about China’s sustained commitment to addressing climate change in line with the Paris Agreement. While the absolute reduction figure seems modest, China has a record of under-promising and over-delivering. For example, it surpassed its 2030 wind and solar power generation capacity target in July 2024, six years ahead of schedule. Over the last decade, it has systematically and rapidly implemented a transformative national plan of economy-wide decarbonisation through building the largest and fastest growing renewable energy system in the world while increasing its electrification rate at 10 percentage points per decade. Read more

Fortescue’s Andrew Forrest and his board have shed light on what they expect from dual CEOs Dino Otranto and Agustin Pichot in return for a stack of company shares. Read more

Chinese battery and solar manufacturing capacity exceeds domestic demand by a widening margin, propelling renewable exports around the world that are already undermining fossil fuel demand. “They are just leading the world by an absolutely mind-boggling margin,” Caroline Wang, an analyst with the Australian think tank Climate Energy Finance told the WSJ on Chinese dominance in renewable technologies. Read more

Snowy Hydro, one of Australia’s longest-running renewable energy projects, has signed its first major battery storage deal with Akaysha Energy to build the Elaine Battery in Victoria. The battery will provide short-duration storage to complement Snowy’s long-duration pumped hydro, helping balance supply when solar and wind are unavailable. Tim Buckley of Climate Energy Finance says this marks a turning point, with battery tech disrupting Australia’s fossil-fuel-heavy energy market. Backed by global investor BlackRock, Akaysha plans five battery sites. Buckley argues that large-scale batteries are timely, cost-effective, and essential for decarbonisation, especially amid political inaction and failures of past mega-projects like Snowy 2.0 Read more

A separate account from Bloomberg citing ADNOC officials reported that the scandal was not the sole reason the company walked away from the decision but had dealt a blow to the trust between the two parties. Tim Buckley, director of the public interest think tank Climate Energy Finance, says had the deal gone ahead, ADNOC would have fully owned any other environmental liabilities on its books. That said, he believes ADNOC would have had difficulty in obtaining the necessary FIRB approval. Read more

Last year alone, China began building 94.5 GW of new coal-fired power capacity, the highest in a decade. At the United Nations this week, President Xi Jinping announced China’s new climate goals: cutting greenhouse-gas emissions by just 7-10% below peak levels by 2035, raising the share of non-fossil fuels in energy consumption to 30%, and expanding wind and solar to 3600GW. For the first time, Beijing has set an absolute economy-wide cap on emissions, covering all greenhouse gases. Read more

Tim Buckley from the think tank Climate Energy Finance says that China is stepping up on the global stage as the U.S. pulls back from its climate responsibilities. He notes that China is eager to lead and now has the chance to be seen as the “good guy” in climate action. Buckley highlights that China’s rapid technological development over the past decade has made clean energy solutions more viable and scalable than ever before, helping to accelerate the global transition to lower emissions. Read more

China is following what Xi Jinping has called ‘the principle of building the new before discarding the old’. Read more

Last week, BHP announced the axing of 750 jobs across its Queensland coking coal operations, including the mothballing of its Saraji South mine in the Bowen Basin and the strategic review of its FutureFit skills and training academy in Mackay as part of its efforts to alleviate cost pressures. This was the start of a chain reaction, with Anglo American announcing plans to cut nearly 300 jobs across its Queensland coal division, followed by QCOAL’s announcement of the closure of one of its two sites at the Cook Colliery mine in the days following. Read more

The new rules will effectively cancel out the current National Energy Market-wide open access regime, with VicGrid saying it’s creating challenges for developers in choosing where to invest and for communities through uncoordinated development. Consultation will be open until November 5, and VicGrid hopes to have its Victorian Access Regime start in mid-March 2026. Even though the access rules are more prescriptive than anything tried to date in Australia, anything that spells out what the clear expectations are will give greater certainty, says Climate Energy Finance director Tim Buckley. Read more

Tim Buckley, a director of CEF, calculated the Albanese government had pledged $70 billion and states had promised about $6 billion since the start of 2023. This included commitments made last week as part of the federal government’s 2035 emissions reduction target of 62 per cent to 70 per cent on 2005 levels, such as $1.1 billion to develop low-carbon liquid fuels that will assist airlines to reduce carbon emissions and a $2 billion top up to the Clean Energy Finance Corporation. Only about $16 billion of the total has been deployed since December 2024, Buckley estimated. Read more