Wind farm turbines on the water

Media

CEF in the media  |  May 27, 2024

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

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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’

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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
CEF in the media  |  May 23, 2024

Extending life of Australia’s biggest coal-fired power station is ‘deeply disappointing’, green groups say

The Guardian

Environmental groups say they are “deeply disappointed” by the New South Wales government’s decision to extend the life of Australia’s biggest coal-fired power station for at least two more years, saying it would have “far-reaching consequences” for investments in renewable energy. Tim Buckley, founder and director of Climate Energy Finance comments in The Guardian’s coverage. Read more
CEF in the media  |  May 23, 2024

NSW government extends Eraring power station

ABC Radio

Tim Buckley on ABC Illawarra, breaking down the NSW government’s justification for the extension of massive end of life coal clunker Eraring power station on the central coast, explaining how chronic delays in firmed renewables planning and approval processes in the state have been a key factor. (interview starts part way in to the clip). Read more
CEF in the media  |  May 23, 2024

Reaction to Eraring extension

The Newcastle Herald

As the NSW government extends the Eraring power station for two years, Newcastle Herald notes that in In our report “The Lights Will Stay On: NSW Electricity Plan 2024-2030 Think tank Climate Energy Finance found an unprecedented number of clean energy projects had come online over the past six months, which more than offset the loss of 2880 megawatts of coal-fired generation from Eraring. This includes super battery projects at Munmorah, Eraring and Liddell. These batteries will act as shock absorbers during periods of fluctuating generation and demand.” Read more
CEF in the media  |  May 23, 2024

NSW government throws Eraring power station a lifeline until 2027

The Sydney Morning Herald

The Minns government will pay Origin Energy up to $450 million over the next two years to extend the life of Australia’s largest coal-fired power station, Eraring, should the company opt in to a deal that NSW Treasurer Daniel Mookhey insisted was “not an act of corporate welfare”. But some experts, including many from the renewable energy sector, have criticised the government for agreeing to a deal they say is unnecessary. Tim Buckley, the head of pro-renewables think tank Clean Energy Finance, labelled it “yet another massive coal subsidy funded by electricity users in NSW”. Read more
CEF in the media  |  May 23, 2024

Coal plant gets two-year lifeline amid renewable switch

Canberra Times

Syndicated widely across 100+ mastheads via AAP | The life of Australia’s largest coal-fired power station will be extended for at least two years beyond its scheduled 2025 closure date. “This is essentially Coalkeeper 2.0 – yet another massive coal subsidy funded by electricity users in NSW” – Climate Energy Finance director Tim Buckley. Read more
CEF in the media  |  May 23, 2024

Eraring “coalkeeper” deal may do little to keep the lights on, but it might bail out the state government

Renew Economy

The deal to extend the life of Australia’s largest coal generator – 2.88 GW – is being sold as necessary to “keep the lights on”, but there is no guarantee that it will do that. As Tim Buckley, from Climate Energy Finance, observes, Origin has “kindly offered” to share 20 per cent of any profits, capped at $40 million a year, but will share 80 per cent of the losses with the people of NSW, capped at $225 million per year. “This is essentially Coalkeeper 2.0 – yet another massive coal subsidy funded by electricity users in NSW,” he said. Read more
CEF in the media  |  May 23, 2024

INTERVIEW | The NSW government set to extend the life of the Eraring coal-fired station

Sky News

Climate Energy Finance’s Tim Buckley joins Kieran Gilbert on Sky News to discuss the extension of the life of Eraring coal-fired power station. Read more
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