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The withdrawal is another blow to the technology, which has so far failed to live up to its hype, partly because the financial incentives to use CCS are not strong enough. “It’s only going to work if the economics justify it and the engineering can be done,” says Climate Energy Finance director Tim Buckley. “I think CCS could work at the wellhead, but you need a high price.” He points to Chevron’s $3 billion CCS system set up to capture carbon dioxide from the Gorgon gas field, offshore from Western Australia, as an example. Read more

Climate Energy Finance founder and director Tim Buckley said the decision to extend Eraring’s closure reflected a “total failure of planning by Origin”. “Origin Energy has failed to build any replacement generation capacity despite knowing for decades Eraring is due for closure,” Buckley said. “But the reality is that the permanent sustainable solution is to build distributed and utility scale renewable energy firmed by batteries at speed and scale, ignoring the small but noisy minority trying to hold back the energy system transformation. “We need permanent solutions—new capacity—at speed and scale, not yet more bandaids on unreliable end-of-life coal plant clunkers.” Read more

Tim Buckley, energy analyst and director of Climate Energy Finance, says Western Australia’s coal industry is a long-running financial and […] Read more

Origin Energy’s Eraring coal-fired power station, the state’s largest generator at just under 3,000 megawatts, was originally set to close […] Read more

Eraring power station near Newcastle will remain open until April 2029 after Origin Energy advised AEMO the extension was needed to support New South Wales during the energy transition. Tim Buckley said Australia is undertaking a rapid, real-time transformation never done before, with inevitable setbacks. Major projects such as Snowy Hydro 2.0 and EnergyConnect are delayed and over budget, affecting grid reliability. However, battery costs have halved, grid plans are shifting towards storage rather than transmission, and Australia reached a record 50.1 per cent renewable share in late 2025, with power prices falling 28 per cent. Tim said flexibility, not permanence, explains Eraring’s extension. Read more

Climate and green energy experts say the decision by Origin Energy to keep the country’s biggest coal-fired power plant, Eraring in NSW, open for an additional two years is a sign renewables haven’t been built fast enough. They say it means higher electricity bills because the cheapest power in the NSW grid comes from renewable energy. Tim Buckley, the founder and director of Climate Energy Finance, says the news that Eraring will be extended to April 2029 is “disappointing”. Read more

In 2024 wind and solar accounted for 37% of total power capacity in the country, poised to overtake coal’s 39% share imminently. With the foundational energy transmission, generation and storage capacity infrastructure now in place, the Chinese energy transition has evolved beyond state-led and funded projects. “What’s really driving China’s transition now isn’t just big state projects – it’s the mix of private innovation, tech partnerships, and everyday choices,” Climate Energy Finance China lead Caroline Wang said. Read more

Historically, summer has been the uneasiest period for system operators, but this is now shifting to winter, experts said, and a late summer heatwave when everyone is back at work could yet stress the system. Still, Climate Energy Finance director Tim Buckley highlighted the role of booming solar and batteries to system resilience: “Risks and vulnerability have never been higher, but we also have a lot more fast-to-deploy solutions – when the sun is baking, solar power generation is (almost) highest. And batteries – both utility scale + behind the meter (BTM) home batteries – are a new solution that dramatically build system resilience.” Read more

Analyst Tim Buckley, the founder of think tank Climate Energy Finance, thinks that if Rio ends up buying Glencore’s coal mines as part of the deal “they’re probably paying more than they sold them for, having missed several years of very nice profits”. Buckley says coal miners have made “obscene profits” in recent years as the transition to clean energy slowed due to the influence of Donald Trump and prices soared due to Vladimir Putin. “There was some massive windfall war profiteering going on with Putin’s invasion of Ukraine,” he says. But he says costs have also soared and “when prices go back to anything like normal it’s going to be ugly”. Read more

Buckley outlines the national significance of maintaining and modernising steel production in Australia, especially as energy security, manufacturing diversity, and strategic supply become critical priorities. He argues that investment is only justified if operations shift rapidly towards clean and green production—a new electric arc furnace in Whyalla could add significant value. Buckley sees alignment with government strategies such as the “Future Made in Australia” push, warning that private interests alone will rarely deliver transformational change or national benefit. Read more

Tim Buckley says Australia’s power grid is vulnerable in heatwaves because it was built 50–70 years ago and not designed for frequent 40–45°C temperatures. Extreme weather is increasing due to climate change driven by fossil fuels, making resilience upgrades essential. The issue is grid resilience, not just generation type. Old transmission lines over long distances are prone to heat, bushfires and shutdowns. Buckley argues for major investment in modernisation, including microgrids, batteries, rooftop solar and the ability for remote towns to operate independently during outages. These solutions are now cheaper, faster to deploy and more reliable than maintaining ageing infrastructure. Read more

This interest could mean the Whyalla Steelworks remains reliant on gas, Climate Energy Finance (CEF) director Tim Buckley told InDaily. A recent report from CEF warned that a gas-led transition for the Whyalla Steelworks could benefit South Australian oil and gas giant Santos with billions of dollars in taxpayer funds; a “grave strategic misstep” for the state and nation, the think tank said. “Beach is definitely an alternative supplier to Santos for gas,” Buckley said. Read more