Wind farm turbines on the water


CEF in the media  |  Dec 21, 2023

Energy revolution on track: electricity bills to fall, transition to renewables accelerates

Michael West Media

Michael West speaks with energy finance analyst and renewable energy expert Tim Buckley. Read more
CEF in the media  |  Dec 15, 2023

AUDIO | Challenging road map for energy transition

ABC online

Australia’s energy transition to renewables is moving at record pace but there are warnings the nation’s main power grid could struggle to manage the shift if more isn’t done. That’s according to the Australian Energy Market Operator, which today released a draft plan to achieve the transition, in order to meet the federal government’s emissions reduction targets. But energy experts say rising costs and community pushback are making the plan tricky to achieve. Read more
CEF in the media  |  Dec 14, 2023

The shaky ESG case for a Woodside-Santos mega merger

Capital Brief

With a merger pending between gas companies Woodside and Santos Tim Buckley says from an environmental, social and governance lens, the benefits of scale are less visible. Combining two companies gives an immediate governance cost saving from merging two boards into one and only needing one of the two CEOs, but this is partly undone by the redundancy costs that would need to be paid to the departing chief. Read more
CEF in the media  |  Dec 14, 2023

AUDIO | COP28 and the “Transition Away” from Fossil Fuels

ABC NewsRadio

COP28 report card is mixed but secures a focus on a transition away from fossil fuels from nearly 200 countries. Tim Buckley, Australia based independent public interest think tank, Climate Energy Finance. “It’s a good step forward, it’s nowhere near aligned with the climate science.” Read more
Media Releases  |  Dec 14, 2023

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


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
CEF in the media  |  Dec 13, 2023

OP ED | All over bar the shouting: Fossil fuels finally named and shamed by COP as climate culprit

Renew Economy

In the context of international climate negotiations, which as realpolitik dictates, deal in the art of the possible, the failure to call for a phase out of coal does not overshadow the clear direction taken by the global community – to back in renewables and step back from fossil fuels. Now we need to see action from Australia in kicking its coal and gas habit. Read more
CEF in the media  |  Dec 13, 2023

OP ED |Nuclear energy is not viable for Australia, for a number of reasons

Canberra Times

Our full page Canberra Times op ed with John Grimes, CEO of the Smart Energy Council, Rewiring Australia’s Dr Saul Griffiths, Blair Palese of the Climate Capital Forum, Dr John Hewson and Mara Bun: The prospect of nuclear power generation in Australia is now a live debate. There are a number of barriers that make nuclear unviable as a solution for Australia’s energy transition in a timeframe necessary to respond to the climate, energy and cost-of-living crisis. We need energy, decarbonisation and cost of living solutions this decade. The Intergovernmental Panel on Climate Change recommends a 50 per cent emissions reduction by 2030. As former Chief Scientist Dr Alan Finkel has noted, It is hard to imagine first operation of small modular reactor (SMR) technology before 2040. Read more
CEF in the media  |  Dec 10, 2023

Mission possible? COP28 targets tripling of global renewable energy capacity


In Singapore’s major newspaper The Straits Times, Tim Buckley agreed that the tripling RE target at COP28 was achievable, with China taking the lead. “China has installed 20GW per month of wind and solar in 2023, up 109 per cent year on year,” he told ST. It is also scaling up production of solar modules to meet global demand. Read more
CEF in the media  |  Dec 9, 2023

Why China can’t give up its addiction to coal

The Australian Financial Review

Tim Buckley, the director of think tank Climate Energy Finance, also says China will need less Australian thermal and coking coal in the future. Buckley says China, which makes up 80 per cent of the world’s solar manufacturing capacity, has transformed the world’s capability to deliver on decarbonisation, and is driving costs down for other countries. He says solar module costs have fallen more than 40 per cent this year, making them more viable. Read more
CEF in the media  |  Dec 9, 2023

Weekend read: Australia’s battery balancing act

PV Magazine

In October, Australia’s government doubled low-interest loan funding for miners and critical mineral processors, taking the pot to $4 billion – an “entirely insufficient” figure, said Tim Buckley, a financial analyst and director at thinktank Climate Energy Finance (CEF). What the government fails to appreciate, Buckley said, is the race for green industry and supply chains is not a free market because “America has thrown a trillion bucks at the problem.” With China now a command economy, said Buckley, “our number one customer doesn’t actually believe in free markets.” Read more
CEF in the media  |  Dec 8, 2023

Woodside-Santos $52 billion merger talk spurs competition, price concerns


Santos Ltd shares jumped on Friday on the prospect of a possible $52 billion merger with bigger Australian rival Woodside, but investors said valuation will be key, while domestic asset sales are likely to be needed to overcome competition concerns. “It’s a dramatic concentration of control,” said Tim Buckley, a director at think tank Climate Energy Finance. “But I would emphasize it’s coming from a point of weakness. It’s coming from a point of ongoing massive underperformance.” Read more
CEF in the media  |  Dec 7, 2023

Solar module prices are at record lows, but they could halve again by 2040


In June, Clean Energy Finance’s Tim Buckley set the scene for a new “Solar Pivot”, based on the scale of solar installations and its plunging cost. “The speed of change is momentous. We are seeing combined momentum on three related fronts: rapid ongoing solar price deflation, multifold increases in solar manufacturing capacity and successive record solar deployments. Read more

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