Media

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 Spark Club Regular podcast aims to bring balance to the conversation and be a clear and consistent voice on global structural change in energy and the role China is playing. 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. 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

Last month, Australia’s Smart Energy Council took a delegation to China to visit renewable factories and the Shanghai New Energy Conference, an event that drew half a million delegates. The group visited an EV manufacturer and saw two lines of production, each spitting out a completed EV every 36 seconds. The SEC’s delegation including Tim Buckley, founder of Climate Energy Finance, a renewable energy consultancy, speaks of standing in a solar module manufacturing factory owned by TW Solar and gazing down a long corridor, unable to make out its end in the distance. “I saw a long wall, half a kilometre long, of manufacturing lines and not a worker in sight. It was all robots.” Read more