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[Republished on Chinese media WeChat official account – Radio2000华语] Tim Buckley, director of Climate Energy Finance, emphasized the potential for cooperation between China and Australia in the fields of green energy transformation and manufacturing in an interview with reporters. As a major iron ore exporter, Australia can export green iron to China by using its own renewable energy for value-added processing, helping its steel industry decarbonize. In addition, there are huge opportunities for cooperation between the two sides in solar energy technology and polysilicon production. Overall, Australia can expand its competitive advantages in clean energy technology, key minerals and green manufacturing through cooperation with China, and achieve mutual benefit and win-win results. Read more

[On One Media – a Chinese social media platform on WeChat] On September 3, 2024, the Australia Financial Review Asia Summit was held at the Sofitel Melbourne. The theme of the summit was “Securing Australia’s Asian Destiny”, aiming to cope with the increasingly complex strategic environment and economic opportunities in the Asia-Pacific region. The summit brought together political and business leaders from Asia and Australia, as well as scholars, strategists, entrepreneurs and technical experts to discuss the far-reaching impact of geopolitical competition, economic growth, and technological and social changes in the Asia-Pacific region on Australia’s future. Tim Buckley, director of Climate Energy Finance, emphasized the potential for cooperation between China and Australia in the fields of green energy transformation and manufacturing in an interview with reporters. As a major iron ore exporter, Australia can export green iron to China by using its own renewable energy for value-added processing, helping its steel industry decarbonize. In addition, there are huge opportunities for cooperation between the two sides in solar energy technology and polysilicon production. Overall, Australia can expand its competitive advantages in clean energy technology, key minerals and green manufacturing through cooperation with China, and achieve mutual benefit and win-win results. 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

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

[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

Tim Buckley speaks to the Spark Club podcast on the rise and rise of China in solar, wind, batteries and EVs. Tim follows China closely and observes trends we’re not seeing published in the broader media outlets or our podcast feeds. Part of a fortnightly conversation, sharing some of the staggering stories and stats coming out of China, starting with recent highlights, then digging into a big story and ending with a prediction or two. Read more

fDI Intelligence – Powering ahead: China’s huge investment in clean energy manufacturing and installation means it will hit its 2030 decarbonisation targets six years early. China’s global leadership in the energy system’s decarbonisation is nothing short of astonishing. There is a significant chance that the country, which represented 56% of the world’s coal consumption in 2023 according to the Energy Institute, will reach peak coal demand later this year. National carbon emissions will potentially peak and then plateau in lock-step. Read more

Despite the progress to date in diversifying China’s electricity supply – and the business models of the country’s power sector SOEs – major challenges lie ahead, Ember says. A number of central SOEs also have major interests in other parts of the coal ecosystem. Central SOE China Shenhua, for example, spent 8bn yuan (about $1bn) on coal mining development and exploration, and only 824m yuan (about $113m) in hydropower in the first half of 2023, according to a report by CEF. Read more

On Counter Punch: According to Climate Energy Finance’s Xuyang Dong, despite China’s reliance on coal, “having China go green at this speed and scale provides the world with a textbook to do the same” Energy experts claim China is upstaging the United States by taking the pole position on an issue that the world is just starting to experience in real time, i.e., the ravages of global warming. Read more

Tim Buckley on ABC News: China is installing record amounts of solar and wind, and is building a modern and flexible power system at world-leading speed and scale. Read more

[On THE EXPRESS TRIBUNE]: A report by Sydney-based think tank Climate Energy Finance (CEF) said China was installing renewables so rapidly it would meet its end-of-2030 target by the end of this month — or 6.5 years early. China accounts for about a third of the world’s greenhouse gas emissions. A recent drop in emissions (the first since relaxing COVID-19 restrictions), combined with the decarbonisation of the power grid, may mean the country’s emissions have peaked. “With the power sector going green, emissions are set to plateau and then progressively fall towards 2030 and beyond,” CEF China energy policy analyst Xuyang Dong said. Read more

China is installing record amounts of solar and wind, while scaling back once-ambitious plans for nuclear. “We’ve seen America under President Biden throw a trillion dollars on the table [for clean energy],” CEF director Tim Buckley said. “China’s response to that has been to double down and go twice as fast.” “With the power sector going green, emissions are set to plateau and then progressively fall towards 2030 and beyond,” CEF China energy policy analyst Xuyang Dong said. Read more