CEF in the media
AGL China Coal Critical minerals Decarbonisation Electricity/electrification Energy crisis Finance Sector & Emissions Hydrogen India & Adani offshore wind Renewables Taxes and subsidies US IRA/EU NZIA et al
Consumers to get “marginal” bill relief despite rooftop PV driving big falls in wholesale power prices
Renew Economy
Australian energy consumers risk benefiting from only a marginal fall in their electricity bills, despite a big plunge in wholesale electricity prices caused by the growth of renewables, and rooftop solar PV in particular.
The Australian Energy Regulator on Tuesday released its draft proposals for what is known as the Default Market Offer for 2024/25.
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Energy bill relief, but faster renewables shift needed to permanently slash prices
The New Daily
Sydney Ausgrid electricity consumers will see 3 per cent retail price declines for the new financial year starting 1 July 2024 under the Default Market Offer (DMO) draft ruling from the Australian Energy Regulator (AER) this morning, and small and medium enterprise (SME) customers a much more significant decline of 10 per cent. The default market offer is a maximum price that retailers are allowed to charge.
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Power bills set for a marginal drop
ABC Radio National PM
After two years of hefty increases… it looks like the price of power for consumers in the eastern states is set to drop. The Australian Energy Regulator has today released its draft decision on the nation’s main consumer price caps which are known as “default market offers”. It’s recommended the maximum retailers can charge drop by between one and ten per cent, depending on where you live and whether your bill is for a small business or private residence.
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OP ED | The ‘Banana’ that’s bending efforts to end fossil fuels use
The Australian
CEF worked with Dr Alan Finkel on this op which argues government authorities should apply an affirmative duty of care to displace fossil fuel power with renewables when assessing developments for large scale wind and solar.
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Gina Rinehart-backed rare earth miner soars in value on news of $840m in support
The Guardian
A Gina Rinehart-backed mining company has soared in value by 75%, after the government agreed to provide financial support as it aims to increase Australia’s production of rare earth elements.
The director of Climate Energy Finance, Tim Buckley, says the announcement shows private finance can’t be relied on to provide critical minerals.
“We probably shouldn’t be relying on private billionaires to do the national interest,” he says.
Buckley says competition from Chinese and US production after president Joe Biden’s Inflation Reduction Act could crush Australian production without government action.
“The idea that we’re just going to leave it to the free market is farcical when the American government started with a trillion dollars in subsidies on the table,” he says.
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Is Southeast Asia set for a green energy revolution powered by small solar panels and EVs?
South China Morning Post
Tim Buckley, the Sydney-based director of the Climate Energy Finance think tank, said the adoption of DER systems, particularly rooftop solar panels, should be scaled up significantly in Asia to reach their potential. “DER is a massively underutilised resource, particularly for land-constrained nations who have good solar resources like India and others in Asia,” Buckley said. Citing an example in Denmark, Buckley said construction is under way to build the world’s largest solar rooftop power plant. When completed, the plant on top of a logistics centre in the city of Horsens will have 35 megawatts of capacity, equal to a typical solar farm.
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VIDEO| Is China the New Superpower?
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On the Planet A podcast dive into the world of renewable energy and decarbonization with Tim Buckley, Director of Climate Energy Finance – an engaging discussion on the future of energy, global energy markets, and how we are becoming a multi-polar world.
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OP ED | Coalition’s nuclear red herring is a betrayal of the Australian people
Canberra Times
The sudden enthusiasm of the LNP for nuclear energy is another divisive, cynical and damaging ploy to ignite Climate Wars 2.0 and disrupt and delay Australia’s accelerating renewables transition on behalf of the fossil fuel cartel. The LNP’s climate and energy luddites burned a decade when they were in office. We can’t afford more of the same policy lunacy.
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‘Nuclear fantasy,’ Dutton’s power plant policy unclear and under attack
Canberra Times
Tim Buckley, the director of the independent think tank Climate Energy Finance, said the opposition’s nuclear energy solution is about delay, which he views as the “new denialism.” “We’ve got this pure hypothetical political spin about waiting for 20 years for SMRs. We can’t afford to wait,” he told The Canberra Times. “We have a climate crisis. We have a cost-of-living crisis now. What this is all about is sowing disinformation and delay. It’s climate science denialism.
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Energy Sector Calls For Community To Remain Engaged On Offshore Wind
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Climate Capital Forum member Satya Tanner in Port Stephens News of the Area new site, on the importance of communities remaining engaged in consultation on offshore wind in Australia.
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TOXIC BONDS | Green bond or red flag? The risks behind Adani Green’s bond
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“Investing in green bonds issued by a group that is one of the largest private fossil fuel developers in the world is total greenwash, a perfect example of investor fraud.
I think it’s very telling that this bond raise excludes the US. [The US is] the best-regulated market in the world, in my view, in terms of financial markets, and this bond is excluded from that for very clear reasons that were raised by Hindenburg… and which are still outstanding, in my mind, today.”
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OP ED | Forrest is right: don’t swallow the Coalition’s nuclear and rooftop fairytales
The Australian Financial Review
The false dichotomy of distributed small-scale versus utility-scale renewables, coupled with the nuclear and CCS furphies, is the latest chapter in the Coalition’s efforts to stymie and repoliticise Australia’s energy transition.
As Andrew Forrest succinctly put it at his National Press Club address this week: “If we swallow this new lie that we should stop the rollout of green energy and that nuclear energy will be our fairy godmother, we will be worse off again.”
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