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Media Releases  |  Dec 1, 2023

COP28 starts on a high with rich countries pledging millions to help poor ones

The Sydney Morning Herald

In 2020 China set a target of deploying 1200 gigawatts of wind and solar by 2030. (For comparison’s sake, the total capacity of Australia’s grid is 71 gigawatts.) It is now set to reach that target in 2024, six years early. Its annual deployment has doubled this year after leaping by 50 per cent last year. It is installing the equivalent of Australia’s east coast grid in renewables alone, every three months, says the CEF’s director, Tim Buckley. 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
Media Releases  |  Sep 6, 2023

MEDIA RELEASE | Nsw Coal Royalty Boost Shows Government Standing Up To Coal Lobby To Act In Public Interest

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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
Media Releases  |  Jun 18, 2023

President Biden seeing a ‘huge surge’ in employment activity

Sky News

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
Media Releases  |  Mar 23, 2023

CLIMATE-WRECKING METHANE BOMB FROM FOSSIL FUELS IS 70% OF EMISSIONS UNDER SAFEGUARD MECHANISM: NEW REPORT

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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
Media Releases  |  Oct 13, 2022

India projected to add 35-40GW of renewable energy capacity annually to FY2029/30 – IEEFA & CEF

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13 October 2022 | A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and Climate Energy […] Read more
Media Releases  |  Sep 20, 2022

Fortescue to spend $6.2bn to curb iron ore emissions

Bloomberg

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
Media Releases  |  Aug 17, 2022

Energy crisis: $322bn over a decade if tax avoidance and royalties improved

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