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Media Releases

Media Releases  |  Oct 2, 2024

OP ED | Riding China’s green capital tsunami to harness cleaner future for Australia

PV Magazine

As the world races to decarbonise, China is leading the way. It committed more than $145 billion (USD 100 billion) in outbound foreign direct investment since 2023 across decarbonisation sectors including solar, wind, batteries, grid, new energy vehicles, hydro and green hydrogen. Yet, as the momentum of China’s green capital tsunami accelerates, Australia finds itself at a critical juncture: will we ride this wave, or be left behind? 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
Media Releases  |  Feb 7, 2024

REPORT OF FELS INQUIRY FINDS WIDESPREAD PRICE GOUGING & UNFAIR PRICING IN ELECTRICITY MARKET

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The Fels report released today finds There is price gouging in the electricity market and widespread gaming of the system by gentailers, as there has been in transmission, meaning consumers are paying too much and exacerbating the cost of living crisis. Read more
Media Releases  |  Jan 31, 2024

Green Steel Supply Chains are Australia’s Top Decarbonisation Opportunity

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Allocating taxpayer monies to support BlueScope Steel to invest $1bn to lock in high emissions blast furnace technology for the next 20 years is a missed opportunity according to Climate Capital Forum. Much stronger incentives are urgently needed to reduce – not support new – fossil fuel powered production. Read more
Media Releases  |  Dec 14, 2023

Post MYEFO, There Is No Time To Waste To Step Up The  Energy Transition Investment Phase

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Our joint release with the Climate Capital Forum and Smart Energy Council: Incremental funding for Australia’s potential as a renewables driven critical minerals superpower of another $3bn in MYEFO does not come slightly near the scale and speed of investment and policy ambition that Australia needs today. Read more
Media Releases  |  Nov 29, 2023

MEDIA RELEASE | New report: Chinese Energy Giants’ Investment Flows Supercharge Renewables Revolution in Response to 14th “Five Year Plan”

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CEF’s China energy policy analyst, report lead author Xuyang Dong, tracked investment trends of China’s 5 top State Owned Enterprises, reviewing reporting disclosures and corporate data in the original Chinese. Xuyang Dong said: “China is decarbonising the world and the Chinese energy SOEs are playing a significant role in this process, as their massive capital expenditure pivot into renewables and cleantech shows. China’s ambition to lead the greening of the world is evident in its energy policies and climate goals, and reflected in energy SOEs’ capex trends, which highlight the possibility of China exceeding its energy goals. ” Read more
Media Releases  |  Nov 23, 2023

FEDERAL ENERGY MINISTER CHRIS BOWEN TURBOCHARGES AUSTRALIA’S MOVE TO 82% RENEWABLES

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Tim Buckley, director of Climate Energy Finance, today hailed Federal Climate and Energy Minister Chris Bowen’s decision to expand the Capacity Investment Scheme to a targeted 32GW, a huge stepchange in ambition. Read more
Media Releases  |  Oct 25, 2023

PM Albanese’s $2bn Token Investment Into Australia’s Golden Critical Minerals Opportunity Falls Woefully Short

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CEF and Climate Capital Forum’s response to the PM’s announcement during his state visit to the US of $2bn additional investment into Australian critical minerals. ““This is a mere token response to the US$1 trillion industrial and energy stimulus of the US Inflation Reduction Act – the biggest in US history – and the single biggest opportunity for Australia this generation. It isn’t even a down payment, it is so lacking in courage, conviction and ambition.” Read more
Media Releases  |  Sep 11, 2023

MEDIA RELEASE | A new $100bn Australian Renewables Industry Package is critical for our future security and prosperity

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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
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