Media

You don’t need to believe in anthropogenic climate change to understand that our major coal export customers – China, Japan, and Korea – are rapidly transitioning to renewable energy, because they’d rather produce cheap power in their backyards than buy it from us. I remember being in a room with Tim Buckley, from Climate Energy Finance, who was telling Hunter community members that in 2023 alone, China built six times as much in solar energy generation capacity than Australia has ever built in history – including coal, gas, hydro, solar, and wind. Read more

Woodside disregards historic investor rejection of its climate plan; the energy giant’s US$1.2bn natural gas takeover negates its US$2.35bn carbon capture buy “more than 21 times over”. Woodside paid a “massive” 75% control premium for Tellurian versus the prevailing 2024 share price, Climate Energy Finance founder Tim Buckley said. Leadership is disconnected from climate science forbidding new greenfield fossil fuel project developments or infrastructure, he said. Read more

Tim Buckley at the AFR Asia Summit alongside Foreign Minister Wong and former PM Kevin Rudd said that Australia should embrace the decarbonisation opportunity that would come from a more open stance towards Chinese investment. “It’s critical Australia actually double down and work and enhance and partner with China because if not, they will go elsewhere,” he said. “At the moment, I don’t think that message is coming through loud and clear. We don’t know what the rules, or China doesn’t know what the rules are, for when they do invest here.” Read more

Distributed internationally via AFP – Australia remains one of the world’s leading exporters of coal and gas and has relied heavily on fossil fuels to keep the lights on. But climate finance expert Tim Buckley said August’s record figures were caused by wild weather and a warm start to the spring, which had reduced demand on the grid by up to 20 percent. “It’s a historically low coal share for Australia in the national energy market, but it’s also a sign of where we are going,” Buckley told AFP. “It will only be a few years from now that coal is contributing virtually nothing,” he added. Read more

The Australian Energy Market Operator (AEMO) has released its latest Electricity Statement of Opportunities (ESOO), painting an optimistic picture of Australia’s energy future. The report suggests that with continued investment in new renewable and storage projects, the nation can successfully transition beyond coal-fired power generation. Tim Buckley, Director of Climate Energy Finance, highlighted that AEMO’s forecasts show power supply reliability can be maintained over most of the next 10 years, provided that established programs and initiatives are delivered on time. Read more

The global dynamic in the energy transition focuses on Australia, Europe or the US, with occasional reference to China. The capacity and deployment stats coming out of China are staggering, and not well reported. The good news is there is indeed a clear and consistent voice on China, based here in Australia. Tim Buckley from Climate Energy Finance is a banking analyst with deep experience on the rise and rise of China in solar, wind, batteries and EVs. Tim follows the data points closely and observes trends not cutting through elsewhere. Read more

Elaine Johnson and Tim Buckley argue community concerns and environmental impacts mean that some mining projects, such as the Regis gold mine is NSW should have never got the go ahead. Read more

Fossil fuel lobbyists are exploiting farmers in claims they need the diesel rebate, an $11 billion+ subsidy, to survive. Matt Pollard and Read more

Tim Buckley, Climate Energy Finance Director said AEMO’s new 10 year ESOO concludes there is no reliability gap until 2034 in any state in the NEM unless there are project delays in the deployment of replacement capacity. “AEMO forecasts show that power supply reliability levels can be maintained over most of the next 10 years – assuming programs and initiatives already established are delivered on time and in full,” he said. “We simply need a lot more zero-emissions energy capacity approved and built, particularly utility-scale renewables.” Read more

Tim Buckley speaks on ABC Victoria Radio on AEMO’s 2024 ESOO and continued investment into renewable energy to ensure a stable and secure electricity grid. Read more

Tim Buckley speaks with Sky News on transitioning our economy away from fossil fuels that Australia has had a historical over reliance on, and into zero emissions technology, as Prime Minister Anthony Albanese visit to the Pacific and the urgent need to end coal and gas. Tim also speaks on massive profitability of Australia’s iron ore majors, and the lack of urgency from Australia’s corporates to address the climate emergency. Read more

[On the Straits Times] China approved the building of nine gigawatts (GW) of coal power generation in the first half of 2024, down by more than 80 per cent compared with a year earlier as the nation adds renewable energy capacity in record amounts, according to a study published on Aug 22. China is the world’s top renewable energy investor and has been adding ever-growing amounts of wind and solar capacity. It added 134.5GW of renewable energy capacity in the first six months of 2024, a 25 per cent year-on-year increase, according to Australian think-tank Climate Energy Finance and China’s National Bureau of Statistics. Wind and solar comprised 128GW of this total. Read more