Wind farm turbines on the water

Media

CEF in the media  |  Jan 22, 2024

NSW set to steal energy transition spotlight

AusBiz

Tim Buckley tells AusBiz there is no reliability gap surrounding the closure of Aus’ biggest coal plant, Eraring in NSW. He points to a report by the Australian Energy Market Operator (AEMO) presented to the NSW Energy Minister which shows no need for public subsidies to keep the plant open. Read more
CEF in the media  |  Jan 19, 2024

Lights to stay on if biggest ‘coal clunker’ powers down

Canberra Times

In Canberra Times and across 100+. mastheads, CEF’s new report detailing the pipeline of firmed renewables that means Australia’s biggest coal power station, Eraring, can close down on schedule in 2025 with no electricity supply reliability gap. Read more
CEF in the media  |  Jan 19, 2024

Heads I win, Tails you Lose: hand-outs for Australia’s biggest coal plant Eraring a smoking example of the folly of privatisation

Michael West Media

Climate Energy Finance’ Tim Buckley,: “The NSW government’s decision on whether to extend the life of Eraring coal fired power plant, Australia’s biggest, beyond its planned closure date of August 2025 at taxpayers’ expense, ostensibly to ensure supply, will be a hot button issue this year and has national implications for energy transition.” He estimates the cost of keeping all four Eraring units operating for another two years would be $300m to $400m. “There is no reason why the government would pay that subsidy” when “there is more than enough firmed renewables capacity in the pipeline” of development in NSW to offset Eraring’s closure. Read more
CEF in the media  |  Jan 19, 2024

‘Even more confident’ Eraring will close in 2025: new energy report

The Newcastle Herald

A surge in renewable energy generation and battery storage projects will allow Eraring power station to close in mid-2025, a new analysis says. The report The Lights Will Stay On: NSW Electricity Plan 2024-2030, produced by think tank Climate Energy Finance, shows an unprecedented number of clean energy projects have come online over the past six months. Read more
CEF in the media  |  Jan 19, 2024

AUDIO | Australia’s largest coal-fired power station can safely closely on time, think tank report says

ABC Radio National AM

A report from a climate finance think-tank says there’s now an even stronger case for closing Australia’s largest coal-fired power station as scheduled next year, thanks to more renewable energy and a growth in battery storage capacity. Read more
CEF in the media  |  Jan 19, 2024

OP ED | Stick to the plan: Lights won’t go out when Eraring closes on schedule

Renew Economy

Australian Energy Market Operator (AEMO) quietly released the Energy Security Target Monitor Report it had delivered privately to NSW climate and energy minister Penny Sharpe in October, showing that Australia’s biggest coal power clunker, Eraring, can close on time and there will be no gap in electricity supply. OUr new report, released today – The Lights will Stay On – confirms this, as we map the brilliant momentum in the state on utility scale firmed renewables and consumer energy resources (CER). There is no case for paying hundreds of millions of taxpayer dollars to keep the ailing, polluting behemoth chugging on. Read more
CEF in the media  |  Jan 19, 2024

NSW can avoid electricity shortages without paying hundreds of millions to keep Eraring open, expert says

The Guardian

Analysis of the 2024-30 power sector by the Climate Energy Finance director Tim Buckley found NSW will have enough capacity to cover the exit of the 2,880-megawatt Eraring station now set for closure by owner Origin Energy in August 2025. “There is no reason why the taxpayer should be on the hook for multiples of hundreds of millions of dollars to keep Eraring open,” Buckley said, adding he had become “materially more confident” after a burst of federal and state moves at the end of 2023 to support more storage and large-scale renewables projects. Read more
CEF in the media  |  Jan 18, 2024

Neoen shut down Australian solar-plus-storage plant after 7 years

PV Magazine

Climate Energy Finance Director Tim Buckley said the dismantling of DeGrussa came as no surprise with the end of mine life “absolutely well known” when they solar hybrid power system was commissioned. “There is no surprise there,” he said, adding that in spite of its short lifespan, the DeGrussa power project has been a “brilliant success.” Read more
CEF in the media  |  Jan 18, 2024

DeGrussa solar and battery hub labelled ‘brilliant success’ as decommissioning begins

PV Magazine

Climate Energy Finance Director Tim Buckley said the dismantling came as no surprise with the end of mine life “absolutely well known” when they solar hybrid power system was commissioned. “There is no surprise there,” he said, adding that in spite of its short lifespan, the DeGrussa power project has been a “brilliant success.” Buckley said the project, which attracted $20.9 million (USD 13.7 million) in funding from the Australian Renewable Energy Agency (ARENA) and $15 million in debt finance from the Clean Energy Finance Corporation (CEFC), was part of the “step change that took solar from being a potential technology to being now integral to the transformation and decarbonisation of the Australian electricity system.” Read more
CEF in the media  |  Jan 17, 2024

Barossa “carbon factory” cleared as Teals lay down gauntlet on 2030 emissions target

Renew Economy

Climate Energy Finance director Tim Buckley says that shows just how emissions intensive oil and gas projects are, but also indicates a lack of industrialisation in Australia. “Barossa is a carbon factory with LNG as a byproduct,” he says. “But when we talk about Scope 1 emissions facilities of more than 100,000 mtCO2e/year, we don’t have a lot of them because Australia is a ‘dig and ship’ country. The majority of these facilities are fossil fuel exports anyway.” Read more
CEF in the media  |  Jan 8, 2024

CarbonPulse | New int’l corporate Scope 3 emissions reporting laws highlight different regional aims for climate finance « Carbon Pulse

___

ANALYSIS: New int’l corporate Scope 3 emissions reporting laws highlight different regional aims for climate finance Read more
CEF in the media  |  Jan 5, 2024

Emission Control: Australia’s transition to a low carbon grid sees record demand in the NEM in ’23

Stockhead

According to Clean Energy Finance director Tim Buckley, increased renewable energy supply and reduced fossil fuel price gouging is driving down wholesale prices which averaged A$91/MWh in CY2023, -52% year on year. “This trend has continued, with 4QCY2023 averaging just $64/MWh -41% year on year, and well on its way back down to 2020-2021 levels,” he says via a LinkedIn post. “This argues really strongly for double digit retail electricity price declines come the default market offer effective 1 July 2024, easing cost of living pressures and inflation, which in turn boosts the potential for slightly lower interest rates over the coming year.” Read more
Pages:«1...17181920212223...63»

Sign up for updates

Sign up to receive occasional updates on major climate and energy finance news and developments, and notification of new reports, presentations and resources.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Read our privacy statement here.

Error: