Media

A profound investment surge in renewables, heat pump, batteries and EV manufacturing capacity globally is underway, with annual global manufacturing capacities of each due to double every 24 months at the current run rate, Tim Buckley of Climate Energy Finance (CEF) told MWM. Read more

Tim Buckley welcomes the NSW government to legislate climate change targets, he argues that throwing hundreds of millions of dollars at Eraring power station is the wrong decision, and the environment can’t afford the delay of the closure of Eraring. Read more

Green Central Bank reports: Singapore’s central bank wants to incentivise the phasing out of coal plants with carbon credits and replace it with transition credits towards renewable energy. Tim Buckley said “while carbon credits are good for developing longer term transition plans, they are subject to investor and industry manipulation which could “over-inflate the cost of avoided emissions” Read more

Wong’s team was determined to get the relationship back on track. As the first female foreign minister of Chinese-Malaysian heritage, Wong understands how Australian multiculturalism can influence and shape a highly diverse new world order, notes Xuyang Dong from the Sydney-based think tank Climate Energy Finance Read more

Tim Buckley, discussed Australia’s energy landscape. Tim highlights the impact of climate change on the energy sector and the need for a balanced approach to address energy, cost of living, and climate crises. He also explains the potential benefits of projects like the Marinus Link and provides insight into wholesale power prices and their potential impact on retail prices in Tasmania. Read more

The size of the BlackRock fund “is very material” for New Zealand, especially with its already high share of renewables and entrenched electricity decarbonisation pathways, says Tim Buckley, Sydney-based director of think tank Climate Energy Finance, who has done work for New Zealand’s power sector. “The whole idea of renewable energy infrastructure is that it is low-risk and patient capital,” Buckley explains. “It is effectively like bond-plus returns if you have the right long-term offtaker in place, so you can actually deploy a large amount of capital that would otherwise go into a bond fund.” Read more

Tim Buckley, Director of Climate Energy Finance highlights the remarkable advancements in renewable energy made by China, with a particular emphasis on solar and wind power. Tim is impressively captivated by China’s prodigious expansion in the energy field, recognising that it has surpassed other nations by installing an astonishing fivefold increase in renewable energy. He draws attention to China’s tactical approach, noting that an impressive 156 gigawatts of wind and solar have been set up within a span of eight months, signifying a substantial 120% escalation compared to the previous year. Read more

References News 参考消息 reports: Dong Xuyang, an analyst at an independent think tank in Sydney – Climate Energy Finance, said that “diversifying away from China in the supply chain would be tough”. “Whether people like it or not, the reality is that China is dominating the global renewable industry as a result of insufficient effort from the rest of the world. And China is producing these products at the scale and speed the global energy transition needs.” [This article is reposted on Tencent, Sohu, 163.com, Sina Finance, Shanghai Observer, Sina] Read more

Australian Chinese Daily reports: “Diversifying away from China in the supply chain would be tough,” said Dong Xuyang, an analyst at Climate Energy Finance, an independent think tank in Sydney. “Whether people like it or not, the reality is that China is dominating the global renewable industry as a result of insufficient effort from the rest of the world. And China is producing these products at the scale and speed the global energy transition needs.” Read more

“Diversifying away from China in the supply chain would be tough,” said Dong Xuyang, an analyst at Climate Energy Finance, an independent think tank in Sydney. “Whether people like it or not, the reality is that China is dominating the global renewable industry as a result of insufficient effort from the rest of the world. And China is producing these products at the scale and speed the global energy transition needs.” Read more

The Manly Daily reports meteorologists are predicting a hot, dry summer over the 2023-24 season, with a significantly increased risk of bushfires. A Northern Beaches community forum, with a panel of experts to discuss the implications and how to prepare and respond will be hosted by Mackellar MP Dr Sophie Scamps, and feature Tim Buckley, Greg Mullins, former Commissioner of Fire and Rescue NSW (FRNSW) and Dr Simon Bradshaw, author and Research Director at the Climate Council independent research charity. Read more

As Elizabeth Thurbon et al write in The Lowy Interpreter, the Australian Renewable Industry Package is a $100 billion, ten-year green energy transition package proposed by a coalition of groups including Climate Energy Finance, the Smart Energy Council, and the Australian Council of Trade Unions. This was no knee-jerk or panicked effort, but a considered view on a proportionate Australian response to the US Inflation Reduction Act (IRA) – a $520 billion bipartisan bid to secure US dominance in the high-wage, high-tech green industries of the future. The IRA is now sucking a good deal of green energy investment away from Australia, requiring a policy response from Canberra commensurate with Australia’s generational opportunity. Read more