Critical minerals
Mission critical: Can Australia win from the clean energy arms race?
The Sydney Morning Herald
“We have been a dig and ship country for 50 years,” says Tim Buckley. “Fifty per cent of the entire world’s lithium supply came from Australia last year. We have the opportunity to play at world scale, as we do in iron ore, as we do in gold, and as we do in thermal coal” but we must do more to value-add by processing onshore.
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Australian clean tech to benefit from US Inflation Reduction Act subsidies
Fifth Estate
Tim Buckley described the US-Australia Climate and Energy Compact announced this week as a
critically-important development in the context of the Inflation Reduction Act (IRA), which is turbocharging the energy transformation in the US with upwards of $800 billion of federal investment in clean energy initiatives and attracting a massive influx of global capital to the US, opening up huge investment opportunities for Australian companies.
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Biden-Australia climate compact: the race for clean energy
AusBiz
Tim Buckley shares his insights on the new US-Australia Climate Critical Minerals and Clean Energy Transformation Compact. He views this as a geopolitical statement of global significance for Australia, demonstrating strategic intent to collaborate on critical minerals, climate, and clean energy., also emphasising the importance of Congress ratifying President Biden’s commitment for the agreement to be realised.
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Australia’s renewable superpower ambitions could be turbo-charged by Biden compact
Renew Economy
Tim Buckley says the new US-Australia Climate, Critical Minerals and Clean Energy Transformation Compact agreed by US President Biden and PM Albanese provides a landmark policy statement of strategic intent, formalising collaboration and coordination of policies and investments to expand and diversify the clean energy and critical minerals supply chains that underpin global decarbonisation.
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Tim Buckley on ABC TV News Breakfast breaks down the historic Aus-US Climate, Critical Minerals and Clean Energy Transformation Compact
ABC TV News Channel
This last weekend, US President Biden and PM Albanese agreed a landmark compact for bilateral cooperation on climate and energy, which will massively boost inbound investment and elevate Australia’s potential to lead the world in production of value-added critical minerals, green hydrogen and materials key to the energy transition, as Tim Buckley explains.
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Miners, battery makers and refineries to share $50m to power energy transition
The Sydney Morning Herald
“We’ve now got this massive policy and fiscal stimulus on anything to do with decarbonisation. In some respects, it’s a response to the geopolitics of China American trade relations,” Tim Buckley says.
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We now know just how much the Albanese government cares about the climate
Crikey
Tim Buckley on the budget’s support for the Capacity Investment Mechanism replacing the LNP’s Coalkeeper: ““With the inevitable acceleration of coal-fired power plant closures, and the ongoing delays to the Snowy 2.0 pumped hydro storage project, this will play a critical role of crowding-in private capital for accelerated battery storage investments to complement the rapid renewable energy capacity buildout of the states-led renewable energy zones.”
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Clean energy takes centre stage in federal budget: industry reactions
PV Magazine
Tim Buckley: “$4 billion in new funding to make Australia a renewable energy superpower, takes total funding to $40 billion including the previously announced programs,” but this is well below the cumulative $100 billion of public capital Climate Energy Finance considers is required to crowd-in $200-300 billion of private capital investment to position Australia as a global leader in energy transition and ensure our energy security and independence.”
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Labor’s budget is good for climate and renewables – and great for the gas cartel
Renew Economy
Our detailed Federal Budget 2023 wrap: we find that overall it’s sensible and measured, with serious attention to fiscal repair and capacity building. The energy bill relief is essential, there is strong decarbonisation progress – including the Net Zero Authority, $2bn for green hydrogen and home and business electrification packages – but more funding is needed to supercharge the transition. The marginal reforms to the PRRT are a case of serious policy underreach, and the lack of attention to corporate tax and diesel rebate reform are disappointing.
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Budget lacks sufficient ambition to leverage the once in a century decarbonisation
AusBiz
Tim Buckley in an extensive interview on AusBiz discusses the good, the bad and the ugly in the 2023/24 Federal Budget
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Budget 2023/24 preview – what can we expect?
Sky News
Tim Buckley previews the Federal Budget, including mooted PRRT reforms, and calls for a fiscal approach that responds to the scale and challenge of the energy transition and global policy developments, including the game-changing trillion dollar Inflation Reduction Act in the US.
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At last we’ve got a Net Zero Authority
Fifth Estate
Tim Buckley says the national Net Zero Authority is a key piece of policy and administration architecture to support and accelerate Australia’s decarbonisation pathway while looking after workers’ and communities’ interests.
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