AGL China Coal Critical minerals Decarbonisation Electricity/electrification Energy crisis Finance Sector & Emissions Hydrogen India & Adani offshore wind Renewables Taxes and subsidies US IRA/EU NZIA et al
Government urged to ‘enforce’ sanctions on Australian coalminer still operating in Russia
SBS
Tim Buckley said he is “not surprised” to see a mining company continue its business in Russia despite its invasion of Ukraine. “It’s all about the money. In the coal industry in a good year, you can make a fortune.
China doesn’t want to be dependent on Australia’s coal. We are 55 per cent of the world’s coking coal export. Therefore, China will happily buy from Russia.”
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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.”
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China and America investing in climate crisis solutions
Sky News
Climate Energy Finance Director Tim Buckley says China and America are investing in solutions to solve the climate crisis which include solar power.
“It is staggering to see how much manufacturing activity is actually underway in 2023 and it’s been led by China,” Mr Buckley told Sky News Australia.
“It’s great in many respects, we’ve got a climate emergency, but it’s great both China, America even Europe, Japan, Korea, India they’re all piling in, they’re all responding and they’re investing in solutions at a scale that actually could solve the climate crisis.”
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Report: solar power to get cheaper in Australia as panel supplies soar
Power Technology
As the global output of solar panels increases, Australia is set to benefit from an electricity price fall of 10%, a report from the think-tank Climate Energy Finance calculates.
The Solar Pivot report by analysts Tim Buckley and Xuyang Dong forecasts that “solar costs will halve again before 2030, underpinning an accelerating disruption of world energy markets and driving energy transition momentum”.
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OP ED | A coal royalties revamp delivered a record surplus in Queensland. Here’s why NSW must follow suit
The Guardian
Tim Buckley writes that it’s about time NSW reflected QLD’s progressive coal royalty regime which has just delivered a stunning dividend to the people of the state.
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Middle-finger development
The Monthly
The Monthly daily newsletter questions the federal governments support for Middle Arm as renewables burgeon, citing CEF’s Solar Pivot report and its call for the teasurer to introduced solar module manufacturing tax incentives to onshore production and create jobs.
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Solar price deflation accelerates
ABC Radio National The World Today
The price for solar panels keeps dropping, and China is leading the deflation by a massive solar manufacturing buildout flooding the market. Tim Buckley says that we expect solar module prices to drop at least 10% annually over the rest of this decade as China triples its solar module production capacity by 2024 across the entire solar supply chain.
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Solar economics compelling as costs fall, installs rise
Canberra Times
A solar boom driven by falling costs and surging production capacity is putting the world economy on track for decarbonisation.
A report released by Climate Energy Finance found China is leading by a huge margin, with the world on the brink of a dramatic acceleration in the
transition from fossil fuels to clean energy.
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Australia set for cheaper solar power as supply of panels soars, says report
The Guardian
With polysilicon prices dropping a third since 2021, Climate Energy Finance calculates
Australians could soon start to benefit from cheaper solar panels as a dive in raw material costs and a “boom” in global output delivers annual solar electricity price falls of 10% for the rest of the decade, and a halving by 2030.
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OP ED | “Truly momentous:” Solar is changing everything, and Australia must seize the occasion
Renew Economy
CEF’s new Solar Pivot report sees unprecedented trade and investment opportunities, in the order of hundreds of billions of dollars, for Australia to “ship sunshine”, embodying decarbonisation in its exports by using its solar and wind energy to process its world-leading critical minerals reserves, and to power manufacturing of energy transition materials.
Australia has a once in a century opportunity for investment in renewables, exports, technology and employment, including in solar. It should seize it.
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Solar pushes world to “cascading tipping points”, and puts science targets within reach
Renew Economy
A new report from Climate Energy Finance says booming solar investments is leading to a potential tipping point which could “dramatically accelerate the decline of the incumbent fossil fuel industry, and the decarbonisation of the world economy.”
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Tim Buckley breaks down CEF’s new Solar Pivot report
AusBiz
Tim Buckley details the global solar boom which is pushing down prices, and increasing manufacturing and installations on an unprecedented scale, foreshadowing a dramatic acceleration of the transition from fossil fuels to clean energy and bringing hope for climate.
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