Wind farm turbines on the water

Media

CEF in the media

CEF in the media  |  May 27, 2024

THE DRIVEN | China’s first carbon border tax? Insiders flag big tariff on imported US gas guzzlers

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Clean tech finance expert and head of Climate Energy Finance think tank Tim Buckley thinks a China CBAM (Carbon Border Adjustment Mechnanism) is just what’s needed to kick Australian miners into action. “While it’s a leap from a tariff increase on large engine cars to a China CBAM, it is great to see China referencing and linking the importance of the energy sector technology disruption and the need to green the economy.” says Buckley. Read more
CEF in the media  |  May 24, 2024

EcoBusiness | Interview: China’s renewables ‘pave the way to rapidly reduce coal reliance’

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Xuyang Dong talked to Carbon Brief about CEF’s new report POWER SHIFT: China installed a record 293 gigawatts (GW) of wind and solar in 2023 – pushing its total capacity to 1,050GW, according to a new report. The report, published by Australia-based thinktank Climate Energy Finance, says that, if this rate of renewables growth is maintained, then China could reach its “dual carbon” climate goals earlier than planned. Read more
CEF in the media  |  May 23, 2024

Eraring decision criticised

The Guardian

Continued reaction to NSW Government decision to extend life of Eraring power station, including commentary from Tim Buckley, director Climate Energy Finance. Read more
CEF in the media  |  May 23, 2024

Reactions to extension of Eraring power station continue

The Guardian

Continued coverage in The Guardian on the extension of Eraring coal powered electricity station in NSW; commentary from CEF founder and director, Tim Buckley. Read more
CEF in the media  |  May 23, 2024

Extending life of Australia’s biggest coal-fired power station is ‘deeply disappointing’, green groups say

The Guardian

Environmental groups say they are “deeply disappointed” by the New South Wales government’s decision to extend the life of Australia’s biggest coal-fired power station for at least two more years, saying it would have “far-reaching consequences” for investments in renewable energy. Tim Buckley, founder and director of Climate Energy Finance comments in The Guardian’s coverage. Read more
CEF in the media  |  May 23, 2024

NSW government throws Eraring power station a lifeline until 2027

The Sydney Morning Herald

The Minns government will pay Origin Energy up to $450 million over the next two years to extend the life of Australia’s largest coal-fired power station, Eraring, should the company opt in to a deal that NSW Treasurer Daniel Mookhey insisted was “not an act of corporate welfare”. But some experts, including many from the renewable energy sector, have criticised the government for agreeing to a deal they say is unnecessary. Tim Buckley, the head of pro-renewables think tank Clean Energy Finance, labelled it “yet another massive coal subsidy funded by electricity users in NSW”. Read more
CEF in the media  |  May 23, 2024

Coal plant gets two-year lifeline amid renewable switch

Canberra Times

Syndicated widely across 100+ mastheads via AAP | The life of Australia’s largest coal-fired power station will be extended for at least two years beyond its scheduled 2025 closure date. “This is essentially Coalkeeper 2.0 – yet another massive coal subsidy funded by electricity users in NSW” – Climate Energy Finance director Tim Buckley. Read more
CEF in the media  |  May 23, 2024

Eraring “coalkeeper” deal may do little to keep the lights on, but it might bail out the state government

Renew Economy

The deal to extend the life of Australia’s largest coal generator – 2.88 GW – is being sold as necessary to “keep the lights on”, but there is no guarantee that it will do that. As Tim Buckley, from Climate Energy Finance, observes, Origin has “kindly offered” to share 20 per cent of any profits, capped at $40 million a year, but will share 80 per cent of the losses with the people of NSW, capped at $225 million per year. “This is essentially Coalkeeper 2.0 – yet another massive coal subsidy funded by electricity users in NSW,” he said. Read more
CEF in the media  |  May 23, 2024

INTERVIEW | The NSW government set to extend the life of the Eraring coal-fired station

Sky News

Climate Energy Finance’s Tim Buckley joins Kieran Gilbert on Sky News to discuss the extension of the life of Eraring coal-fired power station. Read more
CEF in the media  |  May 23, 2024

INTERVIEW | Coal power station’s life extended

ABC Radio National PM

Australia’s transition to renewable energy appears to have been dealt a blow, with the nation’s biggest coal-fired power plant to be kept open longer than expected. Read more
CEF in the media  |  May 23, 2024

Australia Gives Largest Coal Power Plant Two-year Lifeline

Barron's

Sun-soaked Australia’s lofty renewable energy ambitions were given a harsh reality check on Thursday, as looming electricity shortfalls delayed the long-awaited shutdown of the country’s largest coal-fired power plant. In many cases, nuclear makes sense for energy-deficient countries that had no domestic renewable options, such as Japan, energy analyst Tim Buckley told AFP. “Nuclear has no future in Australia,” he said. “Australia has not continuously built it, we have none of the skillset, none of the engineering, and none of the capacity for nuclear.” Read more
CEF in the media  |  May 23, 2024

INTERVIEW | Plan to make Australia a battery producer

ABC Radio National The World Today

The federal government has set aside more than $500m to encourage battery production in Australia. But it’s not yet clear exactly how the scheme will work. The Government says it’s time Australia played a bigger role in battery production but some experts believe its the wrong place to invest. CEF’s Tim Buckley joins ABC Radio alongside Ed Husic, Minister for Industry and Science; Tony Wood, program director for energy and climate change, Grattan Institute; and New South Wales Energy Minister Penny Sharpe. Read more
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