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Coal

CEF in the media  |  Jul 20, 2023

AER Energy Report – Price Impact

ABC TV

Tim Buckley on ABC TV 7pm News responds to the AER’s Wholesale Markets Quarterly Report, noting that there is more than enough renewables capacity in the pipeline to offset coal power closures – it is a matter of whether the NSW bureaucracy is going to approve it in a timely way. Read more
CEF in the media  |  Jul 18, 2023

OP ED | Australia’s biggest coal plant can close in 2025 and lights won’t go out. Here’s how

Renew Economy

The fossil fuel lobby and certain parts of the media are agitating for an extension of Eraring coal power station beyond 2025 under the pretext that closure must be pushed back to ensure supply and “keep the lights on.” This is a massive furphy and a bad idea. Delay would put power affordability, reliability and security at risk. It would undermine both the NSW government’s climate policy, and the federal government’s 82% by 2030 renewable energy target and its legislated 43% emissions reduction target. Our new report outlines how closure can happen on time – the project pipeline and investment capital are ready and able! Read more
CEF in the media  |  Jul 18, 2023

Lights Will Stay On energy report releases

The Guardian

The Lights Will Stay On report released today warns delays to closing Eraring – Australia’s largest coal-fired power station – and the smaller Vales Point would cost the bank and risk the nation’s emissions reduction target, AAP reports. Analysis by Climate Energy Finance’s director, Tim Buckley, finds NSW can close the power stations as planned with slight incentives for solar and wind investment. Read more
CEF in the media  |  Jul 18, 2023

AFR: NSW urged to invest $400m cost of prolonging Eraring in clean energy

The Australian Financial Review

The NSW government is being urged to save the estimated $200 million to $400 million annual cost of keeping the state’s largest coal-fired power station open and invest the money in accelerating its clean energy rollout instead. A new report by Tim Buckley of Climate Energy Finance rejects mounting calls by energy customers for Origin Energy’s 2880 megawatt Eraring power station to be kept open beyond its scheduled 2025 closure date. Read more
CEF in the media  |  Jul 18, 2023

Eraring Power Station can close by 2025 but renewables supply must be boosted, CEF report says, as Minns government weighs up electricity sector transition

The Newcastle Herald

Eraring Power Station can close on time in 2025 if the NSW government takes steps to accelerate renewable energy projects, a report says. The report, to be released on Tuesday by Climate Energy Finance (CEF) think tank, said there was “no case to delay the planned closure of Eraring”. Read more
CEF in the media  |  Jul 18, 2023

Emissions danger if NSW delays coal shutdown: report

Canberra Times

NSW can safely close Australia’s largest coal-fired power station in 2025, secure supply and reduce power bills with a speedier rollout of renewables, analysis shows. The Lights Will Stay On report released on Tuesday warns delays to the closure of Eraring and the smaller Vales Point would cost the bank and risk the nation’s emissions reduction target. Read more
CEF in the media  |  Jun 24, 2023

OP ED | Critical minerals strategy needs to dig a little deeper

Canberra Times

With the world racing ahead with huge subsidies attracting massive capital inflows, the $500m commitment in the new federal Critical Minerals Strategy released this week is a drop in the ocean, and fails to take advantage of Australia’s unique position in the energy transition as a potential critical minerals value-adding superpower. Read more
CEF in the media  |  Jun 22, 2023

OP ED | Missed opportunity: Critical minerals strategy falls drastically short on funding

Renew Economy

Australia has the potential to secure its position as a world leader in value-added critical minerals supply that underpins the energy transition. However, while the new Australian Critical Minerals Strategy 2023-2030 released by the federal government this week rightly foregrounds leveraging international supply and value chain partnerships, the new funding of $500m to NAIF fails to invest in Australia’s minerals boom at a scale commensurate with the opportunity – and is an inadequate response to the capital investments of our partners and competitors in the global decarbonisation race, such as the US IRA. Read more
CEF in the media  |  Jun 20, 2023

Tim Buckley on AEMO CEO’s commentary that investment in energy transition is too slow & the new federal Critical Minerals Strategy.

ABC TV The Business

Tim Buckley breaks down the statement by AEMO CEO Daniel Westerman today that we are not moving fast enough on decarbonisation of the grid; and speaks to the federal government’s Critical Minerals Strategy released today that announced a $500m commitment to minerals processing – a disappointing underinvestment in Australia’s once in a century opportunity to leverage our massive reserves and lead globally on value-added energy transition materials. Read more
CEF in the media  |  Jun 20, 2023

Government urged to ‘enforce’ sanctions on Australian coalminer still operating in Russia

SBS

Tim Buckley said he is “not surprised” to see a mining company continue its business in Russia despite its invasion of Ukraine. “It’s all about the money. In the coal industry in a good year, you can make a fortune. China doesn’t want to be dependent on Australia’s coal. We are 55 per cent of the world’s coking coal export. Therefore, China will happily buy from Russia.” Read more
CEF in the media  |  Jun 16, 2023

OP ED | A coal royalties revamp delivered a record surplus in Queensland. Here’s why NSW must follow suit

The Guardian

Tim Buckley writes that it’s about time NSW reflected QLD’s progressive coal royalty regime which has just delivered a stunning dividend to the people of the state. Read more
CEF in the media  |  May 30, 2023

OP ED | Fossil fuel dinosaurs spot major opportunity in Australian offshore wind

Renew Economy

Nishtha Aggarwal & Tim Buckley: There is plenty of room to remain skeptical, but we may be witnessing an important capital shift that signals the end of fossil fuel climate denialism. Read more
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