Media

In his piece foreshadowing next month’s COP 27 and tracking global progress on decarbonisation, Nine/Fairfax environment editor quotes Tim Buckley on China: while it leads the world in coal use, it also leads in “wind and solar installation and manufacturing, EV production, batteries, hydro, nuclear, ground heat pumps, grid transmission and distribution, green hydrogen, literally every zero-emissions technology today.” Read more

Tim Buckley calls on Australian governments and industry to note the IEA’s forecast for the ongoing structural decline of coal, modelling up to a 45% decline globally by 2030. The agency also highlights the structural demand for key critical minerals and hence the opportunity for Australia as a world leader in critical mineral resources. Read more

As fossil fuels peak before 2030 and then decline, Tim Buckley notes that the IEA’s 2022 World Energy Outlook says a huge increase in energy investment, to above $4 trillion per year, is essential to reduce the risks of future energy price spikes and volatility, and to get on track for net zero emissions by 2050. Read more

Tim Buckley says that while the federal budget assumes a $953m contribution by limiting multinationals’ debt-deductions, there is no further insight on how majors like Exxon, Chevron, BP and Shell, who book Australian revenues in the tens of billion but pay zero corporate tax, will be made to pay their fair share. Read more

In part 2 of an extended interview, Tim Buckley gives a comprehensive breakdown of the positive energy transition initiatives in the 2022 budget, as well as the omissions and missed opportunities. Read more

In part 1 of a 12 minute interview, Tim Buckley gives a comprehensive breakdown of the positive energy transition initiatives in the 2022 budget, as well as the omissions and missed opportunities. Read more

Tim Buckley comments on the Federal Budget, including its lack of attention to tackling the revenue costs of fossil fuel subsidies. Read more

Tim Buckley writes that the federal budget is pragmatic and aligned with the government’s positive energy transition commitments. However, the absence of any meaningful, long overdue fossil fuel tax reform, which would generate revenue to offset the power price hyperinflation smashing Australians, is a major omission. Read more

Tim Buckley: “At the end of the day we’ve got an energy crisis, a cost of living crisis, a climate crisis. We need to reform the tax system to make it fairer and make sure multi-nationals pay … [and] quantify the benefit to Australia in terms of corporate tax receipts and reductions of fossil fuels.” Read more

The Albanese government is accelerating Australia’s value-added critical minerals industry with the new National Critical Minerals Strategy announced last week. In paper #5 on critical minerals, Tim Buckley and Matt Pollard look at policy developments here and in North America, where public-private financing for the transition is massively upscaling. Read more

Tim Buckley comments in this story which notes while consumer electricity prices are inflated and may rise in the near term as the system decarbonises, the long-term outcome will be a reduction in power prices. Read more

While investment will be lured away from Australia by aggressive energy transition policy settings, Tim Buckley says there’s still plenty of interest. “I’m bullish. Global capital is virtually unlimited particularly for a market with as low sovereign risk as Australia.” Read more