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Media

CEF in the media

CEF in the media  |  Feb 28, 2023

Why You Shouldn’t Wait for Cheaper Solar Panels in 2023

Energy Matters

Tim Buckley forecasts a 10 per cent annual module price reduction over the next decade, with his confidence is driven by the increase in the production capacity of PVs in China, which will likely triple by the end of this year. Read more
CEF in the media  |  Feb 28, 2023

JPMorgan Investment Arm Purges Its ESG Funds of Adani Stocks

Bloomberg

As JP Morgan removes Adani from its ESG funds, Tim Buckley described the investor losses as an “absolute failure” on the part of regulators and index providers, saying regulators need to stay on top of “the biggest systemic risks, and one of the big systemic risks is the index funds and the lack of clarity and regulatory definition.” Read more
CEF in the media  |  Feb 27, 2023

Bangladesh to pay through the nose for Adani deal

The Daily Star, Bangladesh

On the deal Adani has stitched up with Bangladesh to supply power from its Gooda coal fired power plant, Tim Buckley said “This appears to be the most expensive, lopsided contract to replenish the pockets of the ex-richest man in Asia, at the expense of the people in Bangladesh.” Further extensive commentary in the attached article. Read more
CEF in the media  |  Feb 26, 2023

Japanese power company’s crypto plan highlights challenge of storing renewable energy

Japan Times

Japan plans to divert excess renewable energy to crypto operations, raising the issue of storage. Tim Buckley points to pumped hydro as a solution, saying that it can be a cost-effective way for Japan to store excess energy from sources such as floating wind turbines and solar, providing energy security and reducing emissions. Read more
CEF in the media  |  Feb 25, 2023

The great stock ’n’ coal swindle

The Monthly

In this feature on the flaws in the carbon offsets available under the Safeguard Mechanism emissions reduction framework applying to Australia’s biggest emitters, Tim Buckley notes that fossil-fuel multinationals operating in Australia made $120 to $140 billion gross profit last year alone on exports of Australian LNG and coal. Read more
CEF in the media  |  Feb 23, 2023

Gautam Adani’s ties with Modi spur scrutiny of overseas deals

The Financial Times (UK)

Adani had made a deal for Bangladesh to import power from its 1,600MW Godda power plant in India, using coal from Adani’s Australian Carmichael mine. Tim Buckley said the Bangladeshi deal “is one of the most expensive power purchase agreements” he has ever seen and “strategically ridiculous” for Bangladesh. Read more
CEF in the media  |  Feb 22, 2023

OP ED | Safeguard mechanism needs work but is still a win

Canberra Times

While the federal government’s safeguard mechanism reform is flawed – in particular, offsets should be strictly limited – it does provide the policy architecture for a high permanent price on carbon – essential to driving decarbonisation, alongside the suite of policy initiatives designed to accelerate the energy transition. After 10 years of LNP failure, this is a massive win. Read more
CEF in the media  |  Feb 21, 2023

OP ED | Grid operator needs to dial in EVs to support huge pipeline of wind, solar and storage

Renew Economy

AEMO’s electricity opportunities update today confirms significant progress on grid decarbonisation in the last 6 months – with a staggering 209GW of new firmed renewables worth > A$250 billion in the pipeline – coupled with the urgent need for accelerating investment in generation, long-duration storage and transmission to ensure supply over the next decade. The acceleration of long delayed deployment of EVs and charging networks also means it’s time for AEMO to start modelling EV-to-grid charging opportunities. With ~20 million EVs in Australia within two decades, this equates to a collective new asset base of 800 gigawatt hours of batteries. Read more
CEF in the media  |  Feb 21, 2023

Electricity shortages predicted from 2027, with threats of blackouts on east coast

Channel 9 News

Tim Buckley comments on today’s release by the Australian Energy Market Operator of its electricity market update, noting there has been significant progress on decarbonising the energy grid in the past six months, with a 209 gigawatt pipeline of new firmed renewables proposals worth over $250 billion, highlighting the massive regional employment and investment opportunities from decarbonisation – but also observing the urgent need for further capacity investment to offset exiting fossil fuels. Read more
CEF in the media  |  Feb 21, 2023

Gautam Adani: Will tycoon’s $100bn loss hit India’s green energy dreams?

BBC

In this feature, Tim Buckley notes that Adani’s troubles since it was accused of the world’s biggest con by Wall St research firm Hindenburg presents “huge potential capacity for other national players to step up, leveraging their domestic skills and capacity, combined with expanding global capital access and interest in investing in Indian renewables and grid infrastructure”. Read more
CEF in the media  |  Feb 20, 2023

‘Brazen cronyism’: All eyes on Modi following explosive Adani allegations

Crikey

Tim Buckley told Crikey it’s clear the “pervasive corrupting influence of coal [is] permeating through all government decisions” as India eyes potential global superpower status and “Adani leverages crony capitalism for everything he can milk from it.” Read more
CEF in the media  |  Feb 18, 2023

Can carbon offsets land a blow on climate change?

Sydney Morning Herald

The price on carbon in the safeguard mechanism will be capped at $75/tonne, increasing annually by CPI plus 2 per cent to a possible $100 by 2030. Tim Buckley notes this means that by 2030 the companies that own the polluting facilities can either invest in new clean technologies or processes, or cop a collective $4.9 billion annual hit, which will double again to $9 billion by 2035. Read more
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