Media

Tim Buckley told ABC News that the $2bn announcement by the Prime Minister Anthony Albanese into the sector through low-interest loans for miners and processors is a token response. The US has put US$1,000bn on the table to drive investment in the decarbonisation. Australian government needs to place $100bn public capital support to crowd in the decarbonisation sector, as we need to respond at the speed and scale to the size of the opportunity. Read more

Tim Buckley told ABC news that tens of billions of dollars would be needed to set up an onshore renewable battery industry in Australia, to develop the entire supply chain in Australia from critical minerals, to processing and batter assembly, and ideally EV assembly in Australia as well. Read more

Tim Buckley, director of independent public interest think tank Climate Energy Finance, said $2 billion was “a mere token response” to the Biden administration’s $US1 trillion ($A1.6 trillion) industrial and energy stimulus – the biggest in US history. “It isn’t even a down payment, it is so lacking in courage, conviction and ambition,” Mr Buckley told AAP. Read more

CEF and Climate Capital Forum’s response to the PM’s announcement during his state visit to the US of $2bn additional investment into Australian critical minerals. ““This is a mere token response to the US$1 trillion industrial and energy stimulus of the US Inflation Reduction Act – the biggest in US history – and the single biggest opportunity for Australia this generation. It isn’t even a down payment, it is so lacking in courage, conviction and ambition.” Read more

Tim Buckley in Tasmanian Times: “Offshore wind is a key scaleable decarbonisation solution for the world. Installations globally are expected to increase dramatically this coming decade as China, Taiwan, Japan, Korea, Vietnam, India and the US all look to leverage the massive experience achieved in Europe over the last decade. There is an enormous pipeline of investment proposals in this new field emerging globally.” Read more

Tim Buckley said planning is needed for consecutive developments proposed across Victoria, NSW, Tasmania and Western Australia to cover the high set-up costs for a domestic manufacturing supply chain. “We need to weigh up the additional costs related to offshore wind construction and see where it makes the most economic sense,” he said. Read more

Northern Beaches Advocate reports: Climate and Energy analyst Tim Buckley (image above, right) said Australia had a potentially world leading role to play in the decarbonisation of global economy. “Right now Australia is a ‘petrostate’ and we are one of the top three exporters of fossil fuels in the world. However, we are uniquely positioned to become a world leader in the clean economy — if we get the policy settings right.” Read more

Not making any new commitments to coal is good news, says Tim Buckley, the director of the think thank Climate Energy Finance, but there’s a downside for those affected by existing operations: “’No new coal’ means you rush to complete all the mines that are already there,” he said. Read more

A profound investment surge in renewables, heat pump, batteries and EV manufacturing capacity globally is underway, with annual global manufacturing capacities of each due to double every 24 months at the current run rate, Tim Buckley of Climate Energy Finance (CEF) told MWM. Read more

Tim Buckley welcomes the NSW government to legislate climate change targets, he argues that throwing hundreds of millions of dollars at Eraring power station is the wrong decision, and the environment can’t afford the delay of the closure of Eraring. Read more

Green Central Bank reports: Singapore’s central bank wants to incentivise the phasing out of coal plants with carbon credits and replace it with transition credits towards renewable energy. Tim Buckley said “while carbon credits are good for developing longer term transition plans, they are subject to investor and industry manipulation which could “over-inflate the cost of avoided emissions” Read more

Wong’s team was determined to get the relationship back on track. As the first female foreign minister of Chinese-Malaysian heritage, Wong understands how Australian multiculturalism can influence and shape a highly diverse new world order, notes Xuyang Dong from the Sydney-based think tank Climate Energy Finance Read more