Media

Leading renewable energy businesses, unions, investors and community groups have banded together to push the Australian Government towards committing to a ten year $100 billion Renewable Industry Package in fear of the country being left behind in the global renewable energy race. Climate Energy Finance Founder, Tim Buckley, said “A $100 billion package will help re-industrialise the nation, create hundreds of thousands of jobs, diversify our export base and revenue streams as well as increase local value-added production, secure supply chains and develop sovereign manufacturing capabilities. This is climate policy as economic policy as national security policy – in the 21st century, these are fundamentally linked.” Read more

CEF joined The call for a ten-year $100 billion Australian Renewables Industry Package to respond to the US IRA, endorsed by partners including the Australian Conservation Foundation, Australian Council of Trade Unions, Climate Action Network Australia, First Nations Clean Energy Network, New Energy Nexus, Rewiring Australia and the Smart Energy Council. Read more

CEF welcomes and applauds the politically courageous announcement by the Minns government in NSW today that it will increase the state’s coal royalties to generate a total of $2.7 billion for NSW over four years from 2024. Read more

“We need to level the playing field by pricing in carbon emissions; that is the key policy required before Green Hydrogen development will really scale up,” said Tim Buckley, director of think tank Climate Energy Finance. Read more

“Eighty per cent of the gas in eastern Australia is used by the gas industry itself for export purposes,” Mr Buckley said. “So the idea that we’re running out of gas is a deliberate political misinformation campaign by the gas industry so they can make even more money.” Read more

Climate Energy Finance Director Tim Buckley says United States President Joe Biden is seeing a “huge surge” in employment activity after the country invested in manufacturing. “The US has the inflation reduction act, and we are seeing investors piling in,” Mr Buckley told Sky News Australia. “There’s a bit of trade war that’s emerged between America and China and America’s response is to invest in manufacturing capacity in America, and so President Biden’s seeing a huge surge in employment activity.” Read more

A solar boom driven by falling costs and surging production capacity is putting the world economy on track for decarbonisation. A report released by Climate Energy Finance found China is leading by a huge margin, with the world on the brink of a dramatic acceleration in the transition from fossil fuels to clean energy. Read more

With polysilicon prices dropping a third since 2021, Climate Energy Finance calculates Australians could soon start to benefit from cheaper solar panels as a dive in raw material costs and a “boom” in global output delivers annual solar electricity price falls of 10% for the rest of the decade, and a halving by 2030. Read more

A new report by eminent environmental scientist Emeritus Professor Ian Lowe, commissioned by Lock the Gate, finds that direct methane emissions from fossil fuel facilities make up ~70% of total greenhouse gas emissions covered under the federal Safeguard Mechanism (SGM), when the global warming impact is calculated over 20 years. The report also finds that the use of carbon credits to offset methane, as allowed under the safeguard, is not technically feasible, and more rigour is urgently needed, such as Zali Steggal’s proposed cap on methane within the scheme, Read more

13 October 2022 | A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and Climate Energy […] Read more

For Fortescue to meet its target of “real zero” in its operations by 2030 would be “a serious challenge,” Tim Buckley said in an interview with Bloomberg. Read more

17 August, 2022, Sydney, Australia: Introducing an equitable multinational corporate taxation and progressive royalty regime on Australia’s public fossil fuel […] Read more