Wind farm turbines on the water

Media

CEF in the media  |  May 27, 2023

Pentagon to secure Australian minerals in green deal

The Saturday Paper

“America has announced 40 gigawatts of new solar module manufacturing capacity in the last six months, on the back of the Inflation Reduction Act – a six-fold expansion [in] American solar module manufacturing capacity. China has announced 294 gigawatts of new solar module manufacturing capacity in just the last three months, all of which will be commissioned within the next two years, if not sooner,” says Buckley. “The IEA says China accounted for 65 per cent of global clean tech manufacturing factory expansions in the first three months of this year.” Read more
CEF in the media  |  May 26, 2023

OP ED | Latest hike could be power price peak – as long as we decouple from inflationary fossil fuels

Renew Economy

Tim Buckley: ” A halving of installed solar costs by 2030 will accelerate the energy transition and progressively unwind the fossil fuel cost of living crisis inflicted in 2022/23, and create a medium term deflationary tailwind to offset the rising interest rate cycle hitting households in 2023.” Read more
CEF in the media  |  May 26, 2023

Victorian Default Offer set to surge in 2023

Energy Magazine

Tim Buckley said, “We expect that this could well be the peak in absolute electricity and gas prices at the retail level. There is a massive lag in the system in passing through the 2022 hyperinflation of fossil fuel commodity prices, which in turn squeezed up electricity prices to record Australian highs. It is really important for Australian consumers to understand that unlike inflationary fossil fuels, renewables are progressively deflationary, even including firming costs. For example, we expect solar module prices to decline by ten per cent per year over the rest of this decade, re-engaging the decade long trend seen since 2010.” Read more
CEF in the media  |  May 26, 2023

Why are energy prices about to rise and what can we do about it?

ABC Radio

Tim Buckley on ABC Melbourne 774 talking about the Australian Energy Regulator’s projections on the forthcoming energy price rises, noting that the pain will ease as zero emissions low cost renewables begin to dominate. Read more
CEF in the media  |  May 26, 2023

Australian Energy Regulator flags price hike

ABC NewsRadio

Tim Buckley on ABC NewsRadio breaks down why energy prices are about to rise, noting that without the federal intervention last year to cap prices the increase would be double the expected ~20-25% Read more
CEF in the media  |  May 24, 2023

OP ED | New clean energy surges past coal in China

Climate & Capital Media

As CEF China energy policy analyst Xuyang Dong writes, renewables are now leading China’s newly added power capacity for the first time, even as new coal power plants continue to come online. During the first quarter of 2023, China added a record 50 GW of RE capacity. Read more
CEF in the media  |  May 23, 2023

Australian clean tech to benefit from US Inflation Reduction Act subsidies

Fifth Estate

Tim Buckley described the US-Australia Climate and Energy Compact announced this week as a critically-important development in the context of the Inflation Reduction Act (IRA), which is turbocharging the energy transformation in the US with upwards of $800 billion of federal investment in clean energy initiatives and attracting a massive influx of global capital to the US, opening up huge investment opportunities for Australian companies. Read more
CEF in the media  |  May 23, 2023

Biden-Australia climate compact: the race for clean energy

AusBiz

Tim Buckley shares his insights on the new US-Australia Climate Critical Minerals and Clean Energy Transformation Compact. He views this as a geopolitical statement of global significance for Australia, demonstrating strategic intent to collaborate on critical minerals, climate, and clean energy., also emphasising the importance of Congress ratifying President Biden’s commitment for the agreement to be realised. Read more
CEF in the media  |  May 23, 2023

$100m spent on underground mapping before tunnelling woes, Snowy Hydro boss admits

ABC online

Tim Buckley said he doubted Snowy Hydro could abandon the project given the amount of money already spent.But he said the project’s handling had so far been a “fiasco” and made a mockery of the initial rosy cost and construction time estimates. “It is going to cost an absolute bomb — at least five times what Turnbull announced. It’s all taxpayer money. The question is, how far have they gone? Is it too late to withdraw? I would’ve thought it is.” Read more
CEF in the media  |  May 22, 2023

Australia’s renewable superpower ambitions could be turbo-charged by Biden compact

Renew Economy

Tim Buckley says the new US-Australia Climate, Critical Minerals and Clean Energy Transformation Compact agreed by US President Biden and PM Albanese provides a landmark policy statement of strategic intent, formalising collaboration and coordination of policies and investments to expand and diversify the clean energy and critical minerals supply chains that underpin global decarbonisation. Read more
CEF in the media  |  May 22, 2023

Tim Buckley on ABC TV News Breakfast breaks down the historic Aus-US Climate, Critical Minerals and Clean Energy Transformation Compact

ABC TV News Channel

This last weekend, US President Biden and PM Albanese agreed a landmark compact for bilateral cooperation on climate and energy, which will massively boost inbound investment and elevate Australia’s potential to lead the world in production of value-added critical minerals, green hydrogen and materials key to the energy transition, as Tim Buckley explains. Read more
CEF in the media  |  May 19, 2023

Chevron tallies new investment for Gorgon carbon trap

Canberra Times

With Chevron’s giant CCS plant operating at a third of capacity, Tim Buckley says the run rates at Gorgon undermine the industry’s push for carbon capture and storage as a viable solution for decarbonisation. Read more
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