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The director of Climate Energy Finance, Tim Buckley, said while Australia was right to court capital from the UAE for the green energy transition, it was also important to keep expectations in check. “I welcome collaboration with UAE, but we have to be realistic about how much money they might pour into Australia,” he said. “Particularly as the UAE is already emerging as a competitor for Australia in clean energy, because it has a big pool of capital for projects and an abundance of wind and solar, like us.” Mr Buckley said the truly “massive” commercial opportunities for Australia still lay in collaborating with major economies in the region like China and Japan to assist their decarbonisation progress. Read more

Elaine Johnson and Tim Buckley argue community concerns and environmental impacts mean that some mining projects, such as the Regis gold mine is NSW should have never got the go ahead. Read more

On The Climatelist podcast, the world of green steel, global carbon pricing, and the opportunities for Australian businesses with Tim Buckley. Discover how China’s dominance in green technologies is reshaping global trade and creating a potential $250 billion export market for Australia. Tim unpacks the complex world of Carbon Border Adjustment Mechanisms (CBAMs) and explores how Australian businesses can lead the charge in embodying decarbonisation for a profitable and sustainable future. Read more

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In fDi Intelligence, part of the FT, Tim Buckley reflects on the impacts of the US IRA and Australia’s Future Made in Australia Act: “We were increasingly hearing companies saying, ‘we’ll put our Australian decarbonisation project on hold, because the US government’s throwing hundreds of millions of dollars of subsidies at each project,” says Tim Buckley, founder of local think tank Climate Energy Finance. He points to local resources giant Fortescue last year pledging $550m towards a green hydrogen project in Arizona compared with $50m towards a green iron project in Australia. Climate Energy Finance is among industry bodies calling on the government to offer a total of A$100bn in green incentives to compete with the US. If the government is re-elected next year, Mr Buckley expects “significantly more money allocated” to FMIA.” Read more

Tim Buckley reviews Treasurer Jim Chalmers’ Future Made in Australia Budget handed down this week, breaking down the key takeouts and what it means for Australia’s pathway to decarbonisation as the the energy transition accelerates globally. Read more

The Federal Government has released its Budget 2024–25, which focuses on developing renewable energy and easing cost-of-living pressures. Climate Energy Finance (CEF) said the Future Made in Australia package would make it simpler to invest in Australia, and attract more global and domestic capital. CEF Founder and Director, Tim Buckley, said, “CEF has been calling for $100 billion of capital and Budget support over the coming decade to accelerate and turbocharge the development of zero-emissions industries of the future here in Australia. In the Budget we saw an excellent $21 billion down-payment. It is great to see that this is additional funding, not the usual political trick of rehashing previous press releases. Read more

Tim Buckley, founder and director of Climate Energy Finance said the Budget was an “excellent down-payment” that will give Australia enduring comparative advantage and resilient supply chains. It’s a “new front door for investors” with transformational proposals that will attract both global and domestic capital. “This is Australia’s biggest investment, employment, and export opportunity in a century.” Buckley called the critical minerals and hydrogen tax credits a “strong step forward” but highlighted the importance of additional future funding for electrification to attract private capital and urged Australia to front-load investment in this decade. Read more

Clean energy investors and policy experts have broadly welcomed the government’s multi-billion dollar funding package for green hydrogen and critical minerals but warn rigorous frameworks must be in place to ensure public money is not wasted. Also likely are a range of conditions to ensure only the projects with the strongest environmental, social and governance criteria were selected, according to Climate Energy Finance director Tim Buckley. This might include provisions to ensure local First Nations employment and requirements for the processing facilities to power themselves with renewable energy. Read more

Climate Energy Finance director Tim Buckley, who wants to see $100 billion of capital and budget support for net-zero industries over the coming decade, says the 2024-25 budget is a promising downpayment on this. “We clearly needed this budget to respond strategically, proportionally and fast, which it has done. “It shows a government that understands both this imperative to act to transition Australia to its future as a clean, green superpower and the opportunity cost and risks of not moving to secure Australia’s place in the emerging net zero world,” Buckley says – adding that, after “the travesty” of the Future Gas Strategy, “it was a relief to see zero new funding for fossil gas.” Read more

Tim Buckley on all the highlights of the 2024-25 Budget, which finally builds real momentum toward transitioning Australia to its future as a zero-emissions trade and investment leader. Read more

Tim Buckley, Founder of Climate Energy Finance said the development of the production tax credit (PTC) model for critical minerals and green hydrogen to incentivise onshore value-adding is a very strong step forward, a clear acknowledgement that Australia can’t simply leave it to free markets when other countries have made such significant public interest interventions, undermining global trade. This will leverage Energy Minister Bowen’s 82% Renewables by 2030 initiative, turbocharged by the 32GW Capacity Investment Scheme which is driving the rollout of utility scale firmed renewables by underpinning and catalysing private investment, meaning Australia can power our refineries with renewable energy so as to export embodied decarbonisation. Read more