AGL China Coal Critical minerals Decarbonisation Electricity/electrification Energy crisis Hydrogen India & Adani Taxes and subsidies US IRA/EU NZIA et al
OP ED | Keating attack on Origin bid ties big super to petrostate of old
The Australian Financial Review
A better focus for the former prime minister than fending off Brookfield’s ~$30bn of decarbonisation capital that comes with its bid for gentailer Origin would be using his influence to press for reform of the short-term performance test benchmarks that penalise the superannuation industry for investments in future facing, low carbon industries.
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中国巨额投资转变实现减排 澳需紧急回应建新伙伴关系
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Our Chinese energy SOEs report mentioned in Australia Financial News – An Australia-based Chinese-language news outlet.
该报告的主要作者Xuyang Dong 跟踪了中国五大企业的投资趋势,她说,这些趋势表明了中国这个超级大国超过其能源目标的可能性,这些大型国有企业正在进行巨额资本流动转移,以实现可再生能源和减排目标。中国经济的集中指挥性质和控制结构意味着当中央政府告诉国有企业调整资本支出以确保实现关键目标时,他们就会这样做,世界上没有其他国家能像中国这样快速有效实现电力行业脱碳。
目前,中国已经是全球最大的电动汽车市场,今年也成为世界领先的电动汽车出口国,不过也仍在以确保国家能源安全的名义建造新的燃煤发电厂。
Xuyang Dong说, 澳洲可以通过与中国合作,在澳洲使用100%可再生能源联合进行产品陆上增值加工,从而确保实现经济和能源独立。
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Call to join forces as China sets pace on clean energy
Canberra Times
Demand for Australian coal from the nation’s biggest customer is heading for long-term decline as China changes course on energy investment, research shows.
According to a report released on Thursday by independent think tank Climate Energy Finance, Australia must urgently respond and pursue new partnerships with China to replace jobs.
Lead author of the report, Xuyang Dong tracked the investment trends of China’s top five enterprises, which she said pointed to the possibility of the superpower exceeding its energy goals.
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China’s world-beating renewables surge threatens Australian exports
The Australian Financial Review
China has vaulted ahead of the rest of the world in solar and wind power installations in 2023, accelerating the energy transition for Australia’s biggest export customer and posing a growing threat to future coal exports.
“China’s demand for Australian exports of thermal and coking coal is set to decline structurally over the longer term due to the greening of China’s power sector and economy,” said Climate Energy Finance director Tim Buckley.
“The report recommends that to minimise economic risk, Australia urgently comprehends and responds at speed to align with China’s massive investment pivot.”
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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. ”
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Cop28: where does China stand on coal and renewable energy ahead of the UN climate conference’s tough negotiations?
South China Morning Post
At the 28th annual United Nations Climate Change Conference, starting on Thursday, negotiators from around the world will try to thrash out new global commitments to mitigate and adapt to climate change, one of the toughest challenges facing humanity. The world will also be looking to China to signal an intention to put a price on carbon emissions in domestic goods and imports, said Tim Buckley, director at Australia-based think tank Climate Energy Finance. “This would elevate China’s global leadership in all zero-emissions industries of the future and would signal the need for a clear international price on carbon emissions in global trade,” he said.
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VIDEO: Australia moves a step closer to cleaner, greener, brighter future
AusBiz
Tim Buckley, Director of Climate Energy Finance expresses his approval of Energy Federal Minister Chris Bowen’s decision to expand the capacity investment scheme, describing it as a major shift in ambition. He highlights the issue of foreign takeovers of Australian energy companies by firms based in tax havens, viewing this as a loss for taxpayers. However, he points out that companies such as Brookfield’s willingness to invest substantial amounts in renewable energy potentially outweighs this concern.
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Solar module prices may reach $0.10/W by end 2024
PV Magazine
Tim Buckley, director of Climate Energy Finance, speaks to pv magazine about the current steep trajectory of solar module prices. He estimates that PV panels prices will end up dropping by 40% this year and predicts the closure of old technology and sub-scale solar manufacturing facilities, both in China and globally.
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Tim on ABC 7.30 VIDEO: Capacity Investment Mechanism
ABC 7.30
The Capacity Investment Scheme (CIS) is a federal initiative designed to underpin the
deployment of dispatchable renewable energy and storage capacity across Australia, offsetting
any reliability gaps as the country transitions from fossil-fuel based to clean energy and coal
exits the system. It is a central enabler of the federal renewable energy target of 82% by 2030.
The CIS explicitly excludes methane gas peaking power plants.
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Tim Buckley on ABC Business VIDEO: Origin delays shareholder vote to consider revised takeover offer
ABC TV The Business
Climate Energy Finance director Tim Buckley says the revised offer from Brookfield and EIG Partners might mean investors vote for the takeover deal on December 4.
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Tim Buckley on Sky News: on Chris Bowen’s Capacity Investment Scheme
The Australian
Climate Energy Finance Director Tim Buckley says the announcing of the Capacity Investment Scheme is a “very significant move” by Climate Change and Energy Minister Chris Bowen as it “doubles” on grid capacity of renewables. The targets 82 per cent of Australia’s electricity generation to come from renewables by 2030, along with their targets for a reduction in emissions by 43 per cent below 2005 levels by 2030. Mr Bowen announced the scheme on Thursday which will underwrite 32 gigawatts of new electricity, which consists of 9 gigawatts of storage and 23 gigawatts of variable renewable energy generation. “We, at the moment, have about 32 gigawatts of renewables on grid, in Australia, today and this policy will effectively double that on grid capacity over the next four or five years,” Mr Buckley told Sky News Australia. “That capacity will be brought onstream progressively over the next two, three, four years. “In one initiative, a doubling of the renewable energy capacity on grid in Australia.”
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Industry and states welcome Albanese government’s plan to jump-start stalled renewables investment
The Guardian
Renewable energy advocates such as Tim Buckley, director of thinktank Climate Energy Finance, hailed the scheme’s expansion as “exactly the kind of bold, landmark federal policy and investment ambition we need to rapidly transform Australia’s energy market whilst ensuring grid reliability and energy affordability”.
“It will help facilitate the mothballing of polluting coal clunkers such as Origin Energy’s Eraring power station in New South Wales, Australia’s biggest, scheduled for 2025, while enabling stand-by capacity to ensure supply,” he said.
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