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China

CEF in the media  |  Oct 22, 2024

What happens when China becomes the green tech superpower?

Japan Times

Tim Buckley, told the Financial Times that “China was not just exporting its clean-tech manufacturing capacity surplus but was increasingly exporting its technology, engineering, supply chain and financing capacities.” Read more
CEF in the media  |  Oct 16, 2024

Solar and batteries steal the show, but world needs more renewables quickly to meet 1.5°C target

Renew Economy

Tim Buckley, from Climate Energy Finance, says the IEA report is still likely to be underestimating the deployment of renewables. “Each year the IEA upgrades their renewable energy estimates, having underestimated the deflation of solar and BESS, and underestimating the technology improvements in cleantech as well – wind, solar, BESS and EVs,” Buckley says. “As such, the IEA’s expectation of peaks in all types of fossil fuel energy types is likely still too conservative. This is great news, as clearly global scientists have likewise underestimated the compounding impacts of climate change. “China clearly leads the world in both the manufacturing, domestic installation and export of all cleantech aspects. Read more
CEF in the media  |  Oct 16, 2024

PODCAST | China, India and Australia 2024 Update

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Tim Buckley on the Energy Transition Show podcast on China’s stunning transition and decarbonisation progress in Australia and India: Read more
CEF in the media  |  Oct 16, 2024

China’s Australia trade sees more EVs, green tech even as EU, US tariffs fly

South China Morning Post

“China leads the world in clean tech – including solar, wind, batteries and new energy vehicles – with its investments more than double those of the US or the EU,” the Australian non-profit organisation Climate Energy Finance said in a report on October 2. Dong Xuyang, a China energy policy analyst with Climate Energy Finance and one of the report’s authors, said this year there has been a “material step up” of Chinese investments in Australian renewable energy projects. Dong said China provides cost-competitive clean tech to the global market, adding “trade barriers” from the US and EU “risk raising costs for domestic consumers and industries engaged in the energy transition”. Read more
CEF in the media  |  Oct 15, 2024

China Daily | Green Chinese backing key for Australia

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The report, “Green capital tsunami: China’s >$100 billion outbound clean-tech investment since 2023 turbocharges global energy transition”, released on Oct 2 by the independent think tank Climate Energy Finance, or CEF, said Chinese firms have committed more than$100 billion in outbound foreign direct investment since 2023. Xuyang Dong, CEF’s China energy policy analyst and co-author of the report, said China leads the world in clean energy. “It is actively injecting more and more zero-emissions energy into its national power system even as it progressively shifts to electrifying everything and upgrading its energy policy to accelerate the energy transition progress,” she told China Daily. “China is increasingly the world leader in almost all these zero-emissions industries of the future, and that opens up opportunities to invest globally into clean energy,” she said. Dong said the problem for Australia is a “lack of effective communication and trust” between the two countries. Read more
CEF in the media  |  Oct 14, 2024

SunDrive and Trina to jointly make solar panels in Australia

PV Magazine

Tim Buckley said the partnership between Australia’s SunDrive and leading Chinese solar panel manufacturer Trina is a strong positive for the federal government’s Solar Sunshot program and broader Future Made in Australia strategy. Read more
CEF in the media  |  Oct 14, 2024

Albanese’s domestic solar manufacturing hero strikes China pact

The Australian Financial Review

Tim Buckley says the partnership of leading Australian solar start-up SunDrive with China’s Trina solar is a great opportunity for the Australian industry to benefit from China’s clean energy nous to accelerate decarbonisation. Read more
CEF in the media  |  Oct 13, 2024

VIDEO | Tim Buckley discusses Green Capital Tsunami report on Sky News

Sky News

Tim details CEF’s new report on the $100bn plus in cleantech capital China is investing around the world into solar, wind, EVs, batteries and more, including what Australia needs to go to attract this capital to speed our energy transition. Read more
CEF in the media  |  Oct 7, 2024

Australia faces billion-dollar opportunity amid China’s ‘green capital tsunami’

Investor Daily

Climate Energy Finance (CEF) has highlighted the billion-dollar opportunity in China’s outbound “green capital tsunami”. A new report from the think tank reveals Chinese firms have committed upwards of US$100 billion to outbound foreign investment since 2023 – spanning decarbonisation sectors like solar, wind, and green hydrogen – as the country’s corporates increasingly “go global”. And while other regions of the world have reaped the rewards of this unprecedented investment program, CEF notes that investment in Australia has been comparatively, “exceptionally weak”. Read more
CEF in the media  |  Oct 6, 2024

Tariffs Backfire as China Outmaneuvers Rivals with Global EV Investments

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[On Oil Price]China is investing heavily in electric vehicle assembly plants, battery plants, and transition technologies abroad to counteract Western tariffs. Chinese companies are not only expanding manufacturing capacity but also exporting technology, engineering, supply chain, and financing expertise globally. European and U.S. companies are struggling to compete with cheaper and often superior Chinese EVs. Read more
CEF in the media  |  Oct 4, 2024

Australia missing out on China’s $100bn clean energy boom: report

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[On Accounting Times]In a new report, think tank Climate Energy Finance (CEF) said the wave of investment opportunities from the world’s second-largest economy was mostly bypassing Australia and going to markets in Europe, Asia, Africa and South America instead. Analyst Xuyang Dong, one of the report’s co-authors, said investment from Chinese firms brought a range of benefits including technology, expertise, capital and experience. “Australia should work actively with China, transforming our historic dig-and-ship economy in order to not be left behind in the global race-to-top on energy transition,” he said. “Joint ventures with China have enormous potential to boost Australia’s decarbonisation trajectory.” Read more
CEF in the media  |  Oct 4, 2024

Chinese Firms Pour Billions Into Green-Energy Tsunami

Wall Street Journal

“China’s growing domination of cleantech manufacturing and export supply chains is clearly a geopolitical issue the U.S. and the Western world can’t continue to ignore,” said Tim Buckley and Annemarie Jonson at Sydney-based think tank Climate Energy Finance. “It is far from a secure, sustainable position for any country to dominate 80% to 90% of global market supply of anything,” they told The Wall Street Journal after CEF released a report on the surge in China’s outbound foreign direct investment into clean energy. Read more

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