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Critical minerals

CEF in the media  |  Jun 29, 2023

Energy transition presents ‘massive’ investment opportunities for Australia

Sky News

Climate Energy Finance Director Tim Buckley says Australia must embrace the massive investment, employment and export opportunities that the energy transition presents. Director Tim Buckley says Australia needs more strategic partners like South Korea to tackle the climate crisis. “South Korea is the number one investor into the American battery market, they are moving at an unbelievable speed,” he told Sky News Australia. Read more
CEF in the media  |  Jun 29, 2023

OP ED | How Australia can join forces with South Korea to build batteries onshore

Renew Economy

An Australia-South Korea Compact across value-added critical mineral industries, and scaling of the capacity and cooperation of our respective export credit agencies, should be a strategic federal priority for Australia. Such a Compact would bring material gain to both economies as Australia seeks to move beyond its dig and ship history and capture value further downstream by value-adding and building batteries onshore. Read more
CEF in the media  |  Jun 29, 2023

Does Australia have a battery production future?

AusBiz

Tim Buckley, from Climate Energy Finance, emphasizes Australia’s opportunity to play a more significant role in the full electrification of various sectors. Tim notes Australia’s position as a significant global exporter of lithium, iron ore, and coke coal, and the need to capitalise on this status to usher in the transition to electric vehicles. Read more
CEF in the media  |  Jun 29, 2023

Australia has been urged to use its raw materials to be a globally competitive battery manufacturer

Canberra Times

Australia has been urged to ink a battery supply chain pact with leading car maker South Korea to kickstart local industry. A globally competitive battery manufacturing capability onshore in Australia could be part of a critical minerals compact with the country’s top three trading partners, a think tank said in a report released on Thursday. Read more
CEF in the media  |  Jun 27, 2023

How much will Australia realistically achieve with its critical minerals?

PV Magazine

Buckley of Climate Energy Finance pointed out Australia could also have an opportunity when it comes to heavy haulage electric trucks, since as a nation we command much of the market via our mining industry. “In heavy haulage vehicles, Australia is number two,” he said. 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 16, 2023

Report: solar power to get cheaper in Australia as panel supplies soar 

Power Technology

As the global output of solar panels increases, Australia is set to benefit from an electricity price fall of 10%, a report from the think-tank Climate Energy Finance calculates. The Solar Pivot report by analysts Tim Buckley and Xuyang Dong forecasts that “solar costs will halve again before 2030, underpinning an accelerating disruption of world energy markets and driving energy transition momentum”. Read more
CEF in the media  |  Jun 10, 2023

OP ED | Five bold reforms needed now to boost Australia’s climate finance in a rapidly decarbonising world

Canberra Times

Janaline Oh of Diplomats for Climate Action and Tim Buckley argue that to take full advantage of the opportunities afforded by Australia’s wealth of renewable energy and critical minerals, we must mobilise our own considerable domestic public financial capital to support national decarbonisation objectives, so as to de-risk and “crowd in” private investment, presenting 5 key reforms to do this. Read more
CEF in the media  |  May 30, 2023

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. Read more
CEF in the media  |  May 27, 2023

Pentagon to secure Australian minerals in green deal

The Saturday Paper

“America has announced 40 gigawatts of new solar module manufacturing capacity in the last six months, on the back of the Inflation Reduction Act – a six-fold expansion [in] American solar module manufacturing capacity. China has announced 294 gigawatts of new solar module manufacturing capacity in just the last three months, all of which will be commissioned within the next two years, if not sooner,” says Buckley. “The IEA says China accounted for 65 per cent of global clean tech manufacturing factory expansions in the first three months of this year.” Read more

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