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Media Releases Videos  |  Apr 28, 2025

INTERVIEW | The real cost of nuclear on ausbiz

AusBiz

Tim points out that nuclear energy’s capital costs are underestimated, with real expenses potentially 300% higher. The modelling excludes major post-2050 costs, painting an unrealistic picture. Tim suggests the shift to renewable energy would be more economical. Read more
Media Releases  |  Apr 24, 2025

NEW REPORT: COALITION’S NUCLEAR FOLLY WOULD COST AUSTRALIAN ECONOMY AT LEAST $4.3 TRILLION BY 2050

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The CEF analysis exposes damaging flow-on costs to the economy for which the Frontier modelling fails to account. Combined with Frontier’s extreme underestimation of the capital costs of building nuclear reactors, these costs accumulate to $4.3 – 5.2 trillion by 2050, 13-16 times the $331bn price tag for a nuclear Australia assumed by Frontier Economics. Read more
Media Releases  |  Apr 12, 2025

‘No more bills’: why batteries may change energy market

AAP

Residential battery prices are yet to fall like industrial ones, Climate Energy Finance director Tim Buckley says, but they are becoming more reliable and long-lasting, making them better value. Read more
Media Releases  |  Nov 15, 2024

Energy & Resources Knowledge Hub | Australia’s iron ore future hinges on green transition, report warns

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As the world’s top exporter of iron ore, Australia risks losing up to 50% of its $138 billion annual export revenues unless it invests in green iron production, according to a report by Climate Energy Finance (CEF). The report, Green Metal Statecraft: Forging Australia’s Green Iron Industry, argues that the shift towards decarbonisation in key markets such as China demands urgent action to maintain Australia’s role in the global steel supply chain. Read more
Media Releases  |  Oct 9, 2024

The Business Post | Bangladesh lags as renewables set to offer half of global power

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Tim Buckley, a leading energy analyst and director of Climate Energy Finance, added, despite a strong increase in investments in renewable energy since the December 2023 COP28 pledge to triple installed capacity by 2030, they are not yet on track to meet this goal, with global capacity expected to grow by 2.7 times by the end of the decade. “This reflects a 25 per cent lift in collective ambition compared to last year, driven by decreasing costs for solar and battery technologies. Increased support from developed nations is crucial for facilitating the energy transition in developing countries, helping to rapidly decarbonise in line with climate science,” Tim Buckley said. Read more
Media Releases  |  Oct 2, 2024

Australia needs to get over the false narrative it’s a small player – Tim Buckley on the power within

Fifth Estate

“Australia is never going to be able to compete on our own against the Chinese, the robotics, the artificial intelligence, the scale of their manufacturing, their phenomenal investments in research and development, all of that says we’ll never catch them,” says Tim Buckley. “But we don’t have to catch them; we can partner with them”. Read more
Media Releases  |  Aug 13, 2024

MEDIA RELEASE | SUPERPOWERING-UP: Accelerating the Electrification and Decarbonisation of the Pilbara

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A new report released today by independent public interest think tank Climate Energy Finance (CEF), SUPERPOWERING-UP, with a foreword by former chief scientist Dr Alan Finkel, finds that failure to act now to electrify and decarbonise WA’s Pilbara region – Australia’s resources engine room and the world’s biggest exporter of iron ore – risks Australia’s biggest single future export opportunity: to potentially double our iron exports to $250bn pa by producing green iron. Read more
Media Releases  |  May 9, 2024

STATEMENT | Gas Strategy Huge Misstep on Australia’s Path to Decarbonised Future

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“It is ridiculous and beyond disappointing that the Australian Government in 2024 is releasing a long-term strategy that centres methane gas in the transition to net zero by 2050. The strategy released today is a massive misstep in the context of the strides the Albanese government has been making in pivoting to our economic future as renewables powered zero-emissions trade and investment leader. Read more
Media Releases  |  Apr 11, 2024

GREEN (BUILDINGS) WASH? ONLY 7% OF BIG 4 BANKS’ “SUSTAINABLE FINANCE” GOES TO RENEWABLES & DECARBONISING INDUSTRY

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The new analysis is the first to quantify and compare the capital allocations of the Big 4 banks to renewable energy and whole of economy decarbonisation. It reveals that only 7% of the Big 4 banks’ collective $385bn sustainable finance target (SFT) by 2030 is directed to financing renewable energy and hard to abate industries. The vast majority of their climate-related capital allocations – between 44% and 72% – channelled into the low hanging fruit of BAU ‘green buildings’ that meet minimum energy efficiency regulations. Read more
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