Wind farm turbines on the water


CEF in the media

CEF in the media  |  May 17, 2023

World’s biggest carbon capture plant running at one third capacity, Chevron Australia reveals

ABC online

Tim Buckley said Chevron’s admissions that its giant Gorgon CCS capacity is operating at only one third capacity were an indictment on the technology. Tim said most of the carbon sequestration that took place across the globe was aimed at extracting more oil and gas from reservoirs. Read more
CEF in the media  |  May 16, 2023

Gas claims ‘ludicrous’ as energy transition fires up

Canberra Times

In this story across multiple mastheads via AAP, Tim Buckley said the idea, promoted by Resources Minister Madeleine King at the APPEA Summit, that Australia could reach net zero emissions and help our trade partners reach net zero by investing in new gas projects was “ludicrous”. He said it was positive further taxpayer-funded subsidies were not being offered for carbon capture and storage projects, with the government instead saying the polluter must pay. Read more
CEF in the media  |  May 12, 2023

Got Gas: Will the Government’s PRRT reform make any real changes?


Tim Buckley comments on the PRRT changes in the budget: “This looks very pedestrian relative to the LNG export industry’s windfall war-profiteering and oversized contribution to Australian domestic energy price hyperinflation. The far too modest PRRT reforms in this budget are a missed opportunity to deliver a substantial social dividend to the Australian people, limiting the government’s capacity to fund critically urgent social and energy transition programs, and undercutting the government’s claims to fiscal balance and responsibility.” Read more
CEF in the media  |  May 11, 2023

How the Good Guys got it wrong on gas and Bob Katter’s new vest

The Guardian

Refuting Bob Katter’s claims that RE in Australia supports China because much of the supply of solar panels and wind turbines is made there, Tim Buckley said this ignored how Australian mining also produced half of the world’s supply of lithium used for solar power, as well as other critical metals and minerals like copper, nickel and cobalt. Read more
CEF in the media  |  May 11, 2023

We now know just how much the Albanese government cares about the climate


Tim Buckley on the budget’s support for the Capacity Investment Mechanism replacing the LNP’s Coalkeeper: ““With the inevitable acceleration of coal-fired power plant closures, and the ongoing delays to the Snowy 2.0 pumped hydro storage project, this will play a critical role of crowding-in private capital for accelerated battery storage investments to complement the rapid renewable energy capacity buildout of the states-led renewable energy zones.” Read more
CEF in the media  |  May 10, 2023

2023/24 Federal Budget

ABC NewsRadio

Tim Buckley in an extended interview on the budget, reflecting on the tokenistic changes to the PRRT that fail to adequately tax LNG exporters’ superprofits, the critically important establishment of the Net Zero Authority, much-needed energy bill relief measures and more. Read more
CEF in the media  |  May 10, 2023

Clean energy takes centre stage in federal budget: industry reactions

PV Magazine

Tim Buckley: “$4 billion in new funding to make Australia a renewable energy superpower, takes total funding to $40 billion including the previously announced programs,” but this is well below the cumulative $100 billion of public capital Climate Energy Finance considers is required to crowd-in $200-300 billion of private capital investment to position Australia as a global leader in energy transition and ensure our energy security and independence.” Read more
CEF in the media  |  May 10, 2023

Labor’s budget is good for climate and renewables – and great for the gas cartel

Renew Economy

Our detailed Federal Budget 2023 wrap: we find that overall it’s sensible and measured, with serious attention to fiscal repair and capacity building. The energy bill relief is essential, there is strong decarbonisation progress – including the Net Zero Authority, $2bn for green hydrogen and home and business electrification packages – but more funding is needed to supercharge the transition. The marginal reforms to the PRRT are a case of serious policy underreach, and the lack of attention to corporate tax and diesel rebate reform are disappointing. Read more
CEF in the media  |  May 10, 2023

Budget lacks sufficient ambition to leverage the once in a century decarbonisation


Tim Buckley in an extensive interview on AusBiz discusses the good, the bad and the ugly in the 2023/24 Federal Budget Read more
CEF in the media  |  May 9, 2023

Weekly data: how Adani lost its green credentials

Energy Monitor

Tim Buckley notes that Adani is “investing far more in new fossil fuel projects than in zero emissions alternatives”, it is “undermining its ESG claims to be the green energy champion of India”; and that a silver lining of Hindenburg’s report is that “India may see the folly of pursuing an expensive imported fossil fuel expansion plan that increases India’s energy security risks”. Read more
CEF in the media  |  May 8, 2023

Labor’s changes to gas tax will deliver little if any extra revenue, analysts say

The Guardian

Tim Buckley says the federal government’s marginal budget reforms to the PRRT are a massive missed opportunity: “Those deductions that don’t get allowed this year just get delayed,” Buckley said. “It’s absolutely a pull forward … it might be no increase at all” in total revenue. Read more
CEF in the media  |  May 7, 2023

Budget 2023/24 preview – what can we expect?

Sky News

Tim Buckley previews the Federal Budget, including mooted PRRT reforms, and calls for a fiscal approach that responds to the scale and challenge of the energy transition and global policy developments, including the game-changing trillion dollar Inflation Reduction Act in the US. Read more

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