Wind farm turbines on the water


CEF in the media  |  Jun 12, 2024

OP ED | We need to talk about renewable energy projects

Canberra Times

Offshore wind can play a significant role in supporting our industrial and energy security needs. With its greater reliability and consistent supply, it can be an essential component of our future economic security through the Future Made in Australia Act. Leaders from Australia’s offshore wind sector and Climate Capital Forum members, Amy Boersma, Satya Tanner and Naomi Campbell comment on how effective and efficient planning processes, with the right checks and balances are key to project success. Read more
CEF in the media  |  Jun 11, 2024

Does ‘Green Steel’ threaten our coal exports?


The coal industry tells us that the outlook for Australian metallurgical coal – most of which comes from Queensland – is bright. Coal miners even link demand for met coal with the transition to renewable energy, insisting that that met coal is essential to make steel and, therefore, to make wind turbines. Simon Nicholas, joined by fellow financial analyst Tim Buckley, will be in conversation with InQueensland writer John McCarthy about the future demand for metallurgical coal at a FREE EVENT in Brisbane on 1st July. Simon will also speak at similar events in Rockhampton on July 3rd and Mackay on July 4th. Read more
CEF in the media  |  Jun 9, 2024

Saudi Aramco prices stock offer at low end of range in $11.2bn sale

The Financial Times (UK)

Saudi Arabia has sold $11.2bn of shares in Saudi Aramco, short of the maximum sum the world’s largest oil company could have raised in a deal that was designed to win over international investors. “Investing in Saudi Aramco strengthens the strategic partnership between China and Saudi Arabia, allowing Chinese investors to access the broader Middle Eastern market,” said Xuyang Dong, a specialist on China’s energy sector at Climate Energy Finance, an Australian think-tank. Read more
CEF in the media  |  Jun 7, 2024

Australia warily welcomes green subsidy race

The Financial Times (UK)

In fDi Intelligence, part of the FT, Tim Buckley reflects on the impacts of the US IRA and Australia’s Future Made in Australia Act: “We were increasingly hearing companies saying, ‘we’ll put our Australian decarbonisation project on hold, because the US government’s throwing hundreds of millions of dollars of subsidies at each project,” says Tim Buckley, founder of local think tank Climate Energy Finance. He points to local resources giant Fortescue last year pledging $550m towards a green hydrogen project in Arizona compared with $50m towards a green iron project in Australia. Climate Energy Finance is among industry bodies calling on the government to offer a total of A$100bn in green incentives to compete with the US. If the government is re-elected next year, Mr Buckley expects “significantly more money allocated” to FMIA.” Read more
CEF in the media  |  May 31, 2024

China targets wasted production in critical sectors to curb pollution, ease overcapacity

South China Morning Post

Beijing’s new 2024-25 Energy Saving and Carbon Reduction Action Plan aims to eliminate high-pollution, energy-intensive production and enhance renewable energy usage. “This plan is a significant step forward,” said Dong Xuyang, China energy policy analyst at Climate Energy Finance. With a steel-production glut and falling domestic real estate demand, the plan addresses the need to reduce excessive steel exports and lower the carbon intensity of steel production. Dong highlighted the focus on improving power storage and transforming distribution networks to better integrate new energy sources. With China’s renewable energy capacity exceeding 1.45 billion kilowatts, the plan tackles challenges like electricity generation volatility and geographical discrepancies. “This is a strategic opportunity for decarbonisation,” Dong added, noting the plan’s ambitious targets and its balance between energy security and a cleaner energy transition. Read more
CEF in the media  |  May 27, 2024

BHP, Rio Tinto trial new battery-electric haul trucks in WA mining

News Corp papers

Tim Buckley heralded the announcement of electrified trucks in WA mining as a “massive opportunity” for Australia’s mining and industrial future. “For us to deploy and derisk new technology and that does require collaboration. BHP and Rio can be rivals in selling iron ore, but we need them to collaborate on supply chains to really derisk and get the benefit of common buying and scale. We know they will need a massive amount of trucks and it could underwrite a factory. Four or five of the biggest mining companies in the world are in Australia and that is a competitive advantage. Let’s extend that comparative advantage by encouraging a world leader like Caterpillar or Komatsu or Liebherr to come and build a factory here.” Read more
CEF in the media  |  May 27, 2024

OP ED | Offshore wind was born in the 70s oil crisis. It comes to Australia in the climate crisis

Renew Economy

Mads Prange Kristiansen & Tim Buckley take an extended look at how Australia can leverage its huge opportunity in offshore wind. Read more
CEF in the media  |  May 27, 2024

THE DRIVEN | China’s first carbon border tax? Insiders flag big tariff on imported US gas guzzlers


Clean tech finance expert and head of Climate Energy Finance think tank Tim Buckley thinks a China CBAM (Carbon Border Adjustment Mechnanism) is just what’s needed to kick Australian miners into action. “While it’s a leap from a tariff increase on large engine cars to a China CBAM, it is great to see China referencing and linking the importance of the energy sector technology disruption and the need to green the economy.” says Buckley. Read more
CEF in the media  |  May 27, 2024

OP ED | Failure to deliver green pipeline keeping Eraring open

The Australian Financial Review

As CEF’s Tim Buckley and AM Jonson write in the AFR, the NSW government has left its green energy project pipeline languishing for years. Now it is charging a coal keeper tax instead, gouging consumers hundreds of millions of dollars to keep ageing coal wheezer Eraring open. Read more
CEF in the media  |  May 24, 2024

EcoBusiness | Interview: China’s renewables ‘pave the way to rapidly reduce coal reliance’


Xuyang Dong talked to Carbon Brief about CEF’s new report POWER SHIFT: China installed a record 293 gigawatts (GW) of wind and solar in 2023 – pushing its total capacity to 1,050GW, according to a new report. The report, published by Australia-based thinktank Climate Energy Finance, says that, if this rate of renewables growth is maintained, then China could reach its “dual carbon” climate goals earlier than planned. Read more
CEF in the media  |  May 23, 2024

Eraring decision criticised

The Guardian

Continued reaction to NSW Government decision to extend life of Eraring power station, including commentary from Tim Buckley, director Climate Energy Finance. Read more
CEF in the media  |  May 23, 2024

Reactions to extension of Eraring power station continue

The Guardian

Continued coverage in The Guardian on the extension of Eraring coal powered electricity station in NSW; commentary from CEF founder and director, Tim Buckley. Read more

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