CEF in the media
AGL China Coal Critical minerals Decarbonisation Electricity/electrification Energy crisis Hydrogen India & Adani offshore wind Renewables Taxes and subsidies US IRA/EU NZIA et al
CEF OP ED | It’s time for NSW to close Eraring
The Australian Financial Review
Last month, leaks emerged suggesting the NSW Electricity Supply and Reliability Review commissioned by the Minns Labor government would recommend taxpayer subsidies to extend the life of Australia’s biggest coal power station, Eraring, on the NSW Central Coast, beyond its closure date of 2025. The recommendation is so contentious that the NSW government has decided to delay its release, originally slated for August.
Australian Energy Market Operator modelling out last week – its 10-year electricity sector reliability forecast – gives new insight into the viability of on-time closure. Significantly, it shows that with an effective policy response, there is no electricity supply threat to NSW in relation to shuttering Eraring in 2025.
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How rooftop solar, batteries and EVs can be ‘orchestrated’ to meet energy demand
Canberra Times
A story by the political editor of Australian Community Media for the Canberra Times with Tim Buckley as the sole spokesperson, detailing the concept and benefits of “orchestration” of distributed and consumer energy resources.
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Power outage warnings as renewable project delays continue
ABC Radio National The World Today
Tim Buckely told ABC Radio National The World Today, that there is nearly 250GW of renewable energy storage and transmission projects ready to go, and it would only 10-20% of them to deliver reliable energy. However, there is a lack of
grid access, details and knowledge from the investors side, which requires our state government to work with the Federal government to accelerate the approval of the key projects that can be delivered in the next 1-2 years view, so we can make sure that the grid stays reliable.
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National energy grid facing summer pressures
ABC Radio National Drive
Tim Buckley told ABC Radio National Drive that the Eraring coal-fired power plants is 43 years old, which is beyond its 40 years life, has created instability of its energy supplies. Australia has been exporting all of its gas and coal and repurchase them from overseas at imported price. The LNP signed off a 2 billion dollars agreement to upgrade Snowy 2.0, as a result there will be 12 billion dollars cost for our taxpayers in 7-8 years. We should not relying on projects like Snowy, but accelerating building battery storage, fast approving solar projects across NSW and Australia to boost energy transition in Australia and protect vulnerable communities to ensure the energy transition can benefit everyone.
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Measures to smooth the energy transition path
AusBiz
Tim Buckley from Climate Energy Finance outlines the pressing need for Australian state and federal governments to hasten the implementation of proposed transmission projects and the adoption of renewable energy and storage, in consideration of the August 2023 Electricity Statement of Opportunities.
According to Tim, there should be an equitable dispersion of the financial advantages that come from renewable energy projects throughout the impacted communities. Tim expresses optimism about Australia’s latent potential in battery storage technology, asserting the nation’s capacity to significantly contribute to the invention, advancement, and application of ground-breaking batteries. Despite increasing uranium prices, Tim disregards its feasibility in Australia due to insufficient private investment and potential environmental hazards.
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Investing in renewables will combat energy supply risk
Canberra Times
Director at think tank Climate Energy Finance, Tim Buckley, said urgent action was needed from state and federal governments.
“Accelerating the pace of energy transformation and transitioning our grid is critical to ensuring reliable energy supply and solving the current energy crisis,” he said.
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Running on empty: Energy regulator warns summer blackouts are ‘significant risk’
InQLD
Director at think tank Climate Energy Finance, Tim Buckley, said urgent action was needed from state and federal governments.
“The message is clear: accelerating the pace of energy transformation and transitioning our grid is critical to ensuring reliable energy supply and solving the current energy crisis precipitated by the hyperinflation of fossil fuels,” he said.
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Old coal clunkers the problem, not the AEMO solution
Michael West Media
Despite alarm in the finance press over the closure of coal plants, according to Tim Buckley, director of independent energy finance think tank Climate Energy Finance “forced outages at Australia’s ageing coal power fleet left the grid short of forecast coal generation capacity for nearly one-quarter of the year.”
Keeping Eraring open would close the forecasted reliability gaps, yet there are concerns regarding the capacity of the ageing generator. And the cost to NSW taxpayers says Tim Buckley is likely to be north of $200m a year.
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AEMO releases National Energy Market report
Energy Magazine
Climate Energy Finance Director, Tim Buckley, said that the AEMO’s statement demonstrates that State and Federal Governments must move with urgency to expedite planned transmission projects, utility and distributed renewable energy generation, and storage.
“While AEMO’s projections show that in the absence of accelerated delivery some gaps in reliability will arise over the coming decade, this is a result of the retirement of 62 per cent of Australia’s end-of-life coal power clunkers by 2033 – generators that are in any case increasingly unreliable and prone to unplanned outages that impact supply,” Mr Buckley said.
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Investing in renewables will combat energy supply risk
AAP
Director at think tank Climate Energy Finance, Tim Buckley, said urgent action was needed from state and federal governments.
“Accelerating the pace of energy transformation and transitioning our grid is critical to ensuring reliable energy supply and solving the current energy crisis,” he said.
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AEMO report shows accelerated transition to renewables can offset any electricity reliability gaps
ABC NewsRadio
As Tim Buckley says, AEMO’s new Electricity Statement of Opportunities demonstrates yet again that state and federal governments must move to expedite planned transmission projects, utility and distributed renewable energy generation, and storage, and that notably, any risks to supply can be adequately addressed by renewable energy transition initiatives currently underway.
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As Asia heats up, leaders must look beyond domestic concerns and unite for climate
South China Morning Post
“We need to level the playing field by pricing in carbon emissions; that is the key policy required before Green Hydrogen development will really scale up,” said Tim Buckley, director of think tank Climate Energy Finance.
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