Our work

CEF advocates for a $50m per group per annum cap to the diesel fuel subsidy, and for all tax receipts to be returned to the mining firms impacted if they are reinvested in deployment of electric vehicles (EV) and the enabling renewable energy infrastructure. This cap would limit this reduced subsidy to eight of the largest mining firms in the world, turning a headwind to decarbonisation into a tailwind, and therefore aligning with Australia’s national interests in terms of improved energy security and acting in alignment with the climate science. Read more

Tim Buckley analyses the latest AEMO ESOO, which shows no reliability gap out to 2034 – if all planned replacement capacity projects are delivered on time. Time for state governments to accelerate approvals and strategic public interest investment into firmed renewables in line with the federal 82% renewables by 2030 target, and lock in low-cost, clean reliable supply to ameliorate the climate, energy and cost of living crises. Read more

This July, China reached its 1,200GW of installed wind and solar capacity by 2030 target, 6 years ahead of time. As of the end of July CY2024, China has a total installed wind and solar capacity of 1,207GW. This early success could inspire other major powers to accelerate their renewable energy efforts, benefiting global climate goals. However, China must continue to focus on areas like energy efficiency and steel sector decarbonization, as well as address challenges such as grid connectivity and energy storage to sustain its progress. As China’s electricity demand grows, particularly with the ongoing electrification strategy, the need for increased power generation and grid modernization becomes more pressing. To meet its carbon targets, CEF estimates that China will need to add approximately 330GW of solar, 80GW of wind, and 4GW of nuclear capacity annually until 2040. Read more

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An analysis of current energy demand in the Pilbara, and the need for common user electricity infrastructure to accelerate electrification and decarbonisation at speed and scale, leveraging Australia’s opportunity to lead globally on zero-emissions value-added industries of the future. Read more

Tim Buckley presents to UTS ISETS Read more

During the first 6 months of CY2024, China installed a total of 152.8GW of new capacity additions, a 14% y-o-y increase. 134.5GW or 88% were zero emissions capacity, a 25% y-o-y increase. Although China’s thermal new additions during the first 6 months of CY2024 show a decline, CEF believes for China to reach its ‘dual carbon’ targets – peaking carbon emissions by 2030 and achieving carbon neutrality by 2060 – it needs to cease new thermal expansion as early as possible, even noting its orientation to new low utilisation, flexible coal plants. Read more

Tim Buckley presents at the SEC’s Renewables, Storage and Generation summit  Read more

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Tim Buckley, Matt Pollard and Xuyang Dong present to TIQ Read more

Tim presents to Professionals for Climate Action on his trip to observe the staggering energy transition in China Read more

Climate Energy Finance (CEF) sees an urgent imperative for the Federal Government to establish the policy and budget support to accelerate the development of a competitive Australian green metals industry by investing a minimum of an additional $10-30bn capital and direct budget support in the 2024-25 Mid Year Economic and Fiscal Outlook (MYEFO), building on Treasurer Jim Chalmers’ $22bn budget support provided in May 2024, and the $40-45bn of capital support established in May 2023 (via the NRF, NAIF, EFA, CEFC, ARENA). Read more