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CEF in the media

CEF in the media  |  Aug 24, 2023

Criticism for proposed Eraring closure delay

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Tim Buckley told Utility Magazine “the leaked recommendation to extend Eraring’s life ignores the dual cost of living and climate crises smashing the people of New South Wales. The hyperinflation of fossil energy is driving these, handing windfall profits to multinationals as taxpayers and our environment wear the costs. Only an accelerated transition to cheap, deflationary firmed renewables will solve these twin crises.” Read more
CEF in the media  |  Aug 24, 2023

Potential Eraring closure delay receives backlash

Energy Magazine

Director of think tank Climate Energy Finance and author of The Lights will Stay On report on the Eraring closure, Tim Buckley, said that there are leaked reports that the NSW Electricity Supply and Reliability Review will recommend taxpayer subsidies to extend the life of Eraring coal power station beyond its expected closure date. Mr Buckley said that this would be a massive retrograde step, when the exact opposite is needed – implementation of an accelerated transition to firmed renewables. Read more
CEF in the media  |  Aug 24, 2023

“Massive retrograde step”: renewables industry says no case to extend Eraring

Renew Economy

Tim Buckley from Climate Energy Finance says using taxpayer subsidies to extend the life of Eraring would be “a massive retrograde step,” when what is needed is the exact opposite – an accelerated transition to firmed renewables. Read more
CEF in the media  |  Aug 23, 2023

Tim Buckley on Sky Newsday with Kenny Heatley: Eraring in NSW can and should close on time in 2025

Sky News

Tim Buckley told Sky NewsDay that the Australia’s biggest coal power station, Eraring in NSW, can and should close on time in 2025, and the NSW government should not prop up its operator with $200-400m pa in public subsidies when this money should be invested in the energy transition, slashing power bills and addressing the climate crisis. Read more
CEF in the media  |  Aug 23, 2023

O’Reilly Review recommends Eraring power station remain open beyond 2025

The Newcastle Herald

“Leaked reports today that the NSW Electricity Supply and Reliability Review will recommend taxpayer subsidies to extend the life of Eraring coal power station beyond its closure date phased over 2025 would be a massive retrograde step when the exact opposite is needed – implementation of an accelerated transition to firmed renewables, Mr Buckley, who wrote the The Lights will Stay On report, said. Read more
CEF in the media  |  Aug 23, 2023

‘Significant risk’ in delivery of NSW renewable energy zones, review finds

The Sydney Morning Herald

It comes as clean energy investors and the former NSW energy minister Matt Kean blasted the proposal to keep Eraring open beyond 2025. Simon Corbell, the chief executive of the Clean Energy Investor Group, said delaying the closure of Eraring would create “significant downside risk for investors”. “This could result in less investment in new clean energy projects in NSW and will blow out our emissions target and budget. Australia cannot afford to have that at this time,” he said. Read more
CEF in the media  |  Aug 22, 2023

Eraring should remain open beyond 2025: Minns government energy review

The Sydney Morning Herald

Energy groups such as Climate Energy Finance, a think tank that advocates for a speedier transition to renewables, are critical of the proposal. A report by CEF in July estimated that keeping Eraring open at only half of its capacity would require the NSW government to pay Origin between $200 million and $400 million a year in subsidies. Read more
CEF in the media  |  Aug 22, 2023

Nation’s biggest coal power plant could burn for longer

Canberra Times

Eraring is Australia’s largest greenhouse gas emitter, releasing more than 12 million tonnes of CO2 equivalent into the atmosphere each year. Tim Buckley, director of think tank Climate Energy Finance, says keeping the plant running would be a “massive retrograde step”. Read more
CEF in the media  |  Aug 22, 2023

Eraring and Loy Yang A coal closure wrangles show need for hard renewable targets

Renew Economy

Environmental activists point out that paying hundreds of millions of dollars a year to keep Eraring open is not needed, and that two reports – including “The Lights Will Stay On” by the Climate Energy Finance and “Earing can be closed on schedule” by Nexa Advisory – outline why and how Eraring should close on time. Read more
CEF in the media  |  Aug 22, 2023

Giant coal-fired power station should stay open, NSW review finds

The Australian Financial Review

Clean energy investors said delaying the closure of the generator could crimp new investment in new clean energy projects and blow out Australia’s emissions target and budget. “Australia cannot afford to have that at this time,” said Simon Corbell, chief executive of the Clean Energy Investor Group, representing investors with about 11 gigawatts of installed renewables capacity. Read more
CEF in the media  |  Aug 18, 2023

Climate and Energy Finance: Awakening the Sleeping Giant 

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An extended interview with Tim Buckley on the Utopia Now! podcast covering why finance is important for mitigating the ecological and climate crisis, how the green energy transition is going, whether we are decarbonising fast enough, and government capture by fossil fuel interests amongst other topics. Read more
CEF in the media  |  Aug 18, 2023

OP ED | All carrot, no stick: What Australia can learn from US approach to renewables

Renew Economy

On the first anniversary of the game-changing US Inflation Reduction that has turbocharged energy transition there and triggered a global race to the top, Tim Buckley and Blair Palese review its top 5 impacts and the top 5 actions Australia should take to respond. Read more
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