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CEF in the media

CEF in the media  |  May 22, 2024

AEMO update open to misinterpretation, experts warn

The Mandarin

Senior energy market analyst and director of Climate Energy Finance Tim Buckley said the report was “exceptionally disappointing”. He said AEMO’s report effectively indicated the energy market regulator wasn’t doing its job. “AEMO models in its May report released today that NSW reliability has improved relative to 2023, but only if new investments underway in renewable energy, dispatchable capacity, transmission and Consumer Energy Resources (CER) such as rooftop solar and batteries progress as advised. Read more
CEF in the media  |  May 22, 2024

Three states at risk of blackouts in coming years, but there’s a solution within reach

9DashLine

Tim Buckley, an energy analyst and director of Climate Energy Finance, labelled AEMO’s forecast “exceptionally disappointing” for NSW. “The real reliability gap here is the failure of authorities to accelerate the rollout of renewable energy, transmission and grid connections needed to ensure cheap and reliable energy to consumers statewide,” he said. Read more
CEF in the media  |  May 22, 2024

Podcast: Federal Budget, Climate Week, clean energy and the case for a price on carbon

FS Sustainability

n this episode of The Greener Way, we hear from Tim Buckley, founder and director of Climate Energy Finance, a public interest pro bono think tank that produces research and analysis on accelerating the global energy transition. Read more
CEF in the media  |  May 22, 2024

New CSIRO report: Nuclear is not viable in Australia

ABC NewsRadio

Tim Buckley breaks down the new CSIRO GenCost report out today which finds that a large-scale nuclear reactor would take at least until 2040 to build, cost around $17bn and produce power costing twice as much as firmed renewables, definitively showing that Peter Dutton’s nuclear fantasy is a complete furphy. Read more
CEF in the media  |  May 16, 2024

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

Capital Brief

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 16, 2024

China Briefing 16 May 2024: Biden’s 100% tariffs on Chinese EV; State media pushback; Xi’s Europe trip

Capital Brief

A new report by Australia-based thinktank Climate Energy Finance argues that China could reach its “dual carbon” climate goals earlier than planned. Xuyang Dong talked to Carbon Brief about the findings of the report, China’s coal power output will soon peak and decline – despite rising coal capacity – thanks to the rapid rise of clean energy sources. Read more
CEF in the media  |  May 16, 2024

VIDEO | 2024-25 Federal Budget: A future made in Australia

Sky News

Tim Buckley reviews Treasurer Jim Chalmers’ Future Made in Australia Budget handed down this week, breaking down the key takeouts and what it means for Australia’s pathway to decarbonisation as the the energy transition accelerates globally. Read more
CEF in the media  |  May 16, 2024

Budget 2024-25: response highlights

Fifth Estate

Tim Buckley said: In the budget, we saw an excellent $21bn down payment. It is great to see that this is additional funding, not the usual political trick of rehashing previous press releases. The development of the production tax credit (PTC) model for critical minerals and green hydrogen to incentivise onshore value-adding is a very strong step forward, a clear acknowledgement that Australia can’t simply leave it to free markets when other countries have made such significant public interest interventions, undermining global trade. We particularly note the absence of any additional stimulus on “electrifying everything” and only $28m of new funding to better integrate consumer energy resources into the grid. Read more
CEF in the media  |  May 15, 2024

Utility Magazine | Budget 2024–25: pathway to a clean energy future

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The Federal Government has released its Budget 2024–25, which focuses on developing renewable energy and easing cost-of-living pressures. Climate Energy Finance (CEF) said the Future Made in Australia package would make it simpler to invest in Australia, and attract more global and domestic capital. CEF Founder and Director, Tim Buckley, said, “CEF has been calling for $100 billion of capital and Budget support over the coming decade to accelerate and turbocharge the development of zero-emissions industries of the future here in Australia. In the Budget we saw an excellent $21 billion down-payment. It is great to see that this is additional funding, not the usual political trick of rehashing previous press releases. Read more
CEF in the media  |  May 15, 2024

Budget 2024: A win for clean energy, not environment

FS Sustainability

Tim Buckley, founder and director of Climate Energy Finance said the Budget was an “excellent down-payment” that will give Australia enduring comparative advantage and resilient supply chains. It’s a “new front door for investors” with transformational proposals that will attract both global and domestic capital. “This is Australia’s biggest investment, employment, and export opportunity in a century.” Buckley called the critical minerals and hydrogen tax credits a “strong step forward” but highlighted the importance of additional future funding for electrification to attract private capital and urged Australia to front-load investment in this decade. Read more
CEF in the media  |  May 15, 2024

Industry cheers hydrogen, critical minerals tax breaks

Capital Brief

Clean energy investors and policy experts have broadly welcomed the government’s multi-billion dollar funding package for green hydrogen and critical minerals but warn rigorous frameworks must be in place to ensure public money is not wasted. Also likely are a range of conditions to ensure only the projects with the strongest environmental, social and governance criteria were selected, according to Climate Energy Finance director Tim Buckley. This might include provisions to ensure local First Nations employment and requirements for the processing facilities to power themselves with renewable energy. Read more
CEF in the media  |  May 15, 2024

Turning point: Biggest spend on clean energy, but households need more than budget sugar hit

Renew Economy

Climate Energy Finance director Tim Buckley, who wants to see $100 billion of capital and budget support for net-zero industries over the coming decade, says the 2024-25 budget is a promising downpayment on this. “We clearly needed this budget to respond strategically, proportionally and fast, which it has done. “It shows a government that understands both this imperative to act to transition Australia to its future as a clean, green superpower and the opportunity cost and risks of not moving to secure Australia’s place in the emerging net zero world,” Buckley says – adding that, after “the travesty” of the Future Gas Strategy, “it was a relief to see zero new funding for fossil gas.” Read more
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