Media

The report, “Green capital tsunami: China’s >$100 billion outbound clean-tech investment since 2023 turbocharges global energy transition”, released on Oct 2 by the independent think tank Climate Energy Finance, or CEF, said Chinese firms have committed more than$100 billion in outbound foreign direct investment since 2023. Xuyang Dong, CEF’s China energy policy analyst and co-author of the report, said China leads the world in clean energy. “It is actively injecting more and more zero-emissions energy into its national power system even as it progressively shifts to electrifying everything and upgrading its energy policy to accelerate the energy transition progress,” she told China Daily. “China is increasingly the world leader in almost all these zero-emissions industries of the future, and that opens up opportunities to invest globally into clean energy,” she said. Dong said the problem for Australia is a “lack of effective communication and trust” between the two countries. Read more

Tim’s recent report The Green Capital Tsunami. You’ll hear the genesis for the idea and how a new theme is emerging in China’s approach to the global energy transition. The report is available for free at Climate Energy Finance. Read more

Tim Buckley talks to ABC Illawarra about the surge to 73.6% renewables in Australia’s grid in early October, and what we need to do to drive higher renewables penetration to permanently slash power bills Read more

Tim Buckley comments on the record 73.6% renewables in the NEM last week, noting this is significant but more work is needed on CER and batteries to ensure we grasp our clean energy future – slashing energy bills for households and business Read more

Tim Buckley said the partnership between Australia’s SunDrive and leading Chinese solar panel manufacturer Trina is a strong positive for the federal government’s Solar Sunshot program and broader Future Made in Australia strategy. Read more

Tim Buckley says the partnership of leading Australian solar start-up SunDrive with China’s Trina solar is a great opportunity for the Australian industry to benefit from China’s clean energy nous to accelerate decarbonisation. Read more

Tim details CEF’s new report on the $100bn plus in cleantech capital China is investing around the world into solar, wind, EVs, batteries and more, including what Australia needs to go to attract this capital to speed our energy transition. Read more

The International Energy Agency’s Renewables 2024 report has forecast Australia will add 53 GW of renewable capacity between 2024-2030, with a nearly 65% share being from a mix of utility, rooftop and green hydogen production solar. Independent think tank Climate Energy Finance Director Tim Buckley said the IEA now models a continued increase in global renewables deployments to 940 GW annually by 2030, a 70% increase in the record of 2023. “This shows a global ‘bending of the curve’, very overdue in light of the climate science, but a deployment rate considered impossible only a few years ago,” Read more

Tim Buckley responds to the IEA Renewables 2024 report: “Thanks largely to China, we now have the global cleantech manufacturing capacity to accelerate deployments of renewables significantly to achieve the goal set at last year’s UN Climate Conference to treble renewables to 2030. The massive deflation of prices for renewables technologies and the drive for energy security both favour accelerating investment as the world looks to mitigate the escalating climate crisis of climate change.” Read more

As John Hewson and Tim Buckley write, i the one-page nuclear policy pamphlet the LNP released in June, federal opposition leader Peter Dutton states that “of the world’s 20 largest economies, Australia is the only one not using nuclear energy, or moving towards using it.” Even this claim lacks credibility and relies on half-truths – so no wonder Dutton and his nuclear-spuiking sidekick Ted O’Brien are failing to get buy-in on their delusion from those in their own party, let alone most experts. Read more

Energy analyst Tim Buckley is director of think tank Climate Energy Finance and said the battle for Korea Zinc, the world’s largest zinc refiner, was globally significant. “To me it looks like two Korean families who have cooperated together for a long time and now there is a divergence of views and one of the Korean families has brought in one of the most successful Korean private equity firms, MBK, to come in and buy control,” he said. But Mr Buckley said it was simply too soon to predict ramifications on the move towards “green” zinc in Australia and Ark Energy’s renewable energy projects. “There is a fear that the company could go through a major strategic pivot, but to some degree we’re incidental to the central game plan in Korea,” he said. Read more

Climate Energy Finance (CEF) has highlighted the billion-dollar opportunity in China’s outbound “green capital tsunami”. A new report from the think tank reveals Chinese firms have committed upwards of US$100 billion to outbound foreign investment since 2023 – spanning decarbonisation sectors like solar, wind, and green hydrogen – as the country’s corporates increasingly “go global”. And while other regions of the world have reaped the rewards of this unprecedented investment program, CEF notes that investment in Australia has been comparatively, “exceptionally weak”. Read more