AGL China Critical minerals Decarbonisation Energy crisis Hydrogen India & Adani Windfall tax
Electricity shortages predicted from 2027, with threats of blackouts on east coast
Channel 9 News
Tim Buckley comments on today’s release by the Australian Energy Market Operator of its electricity market update, noting there has been significant progress on decarbonising the energy grid in the past six months, with a 209 gigawatt pipeline of new firmed renewables proposals worth over $250 billion, highlighting the massive regional employment and investment opportunities from decarbonisation – but also observing the urgent need for further capacity investment to offset exiting fossil fuels. Read moreRead more
Can carbon offsets land a blow on climate change?
Sydney Morning Herald
The price on carbon in the safeguard mechanism will be capped at $75/tonne, increasing annually by CPI plus 2 per cent to a possible $100 by 2030. Tim Buckley notes this means that by 2030 the companies that own the polluting facilities can either invest in new clean technologies or processes, or cop a collective $4.9 billion annual hit, which will double again to $9 billion by 2035. Read moreRead more
Bowen says no to coal and gas ban, yes to more “sensible” discussions with Greens
Tim Buckley comments as the Greens decline to support federal Safeguard Mechanism reforms unless the government commits to banning new coal and gas: while “any argument that Australia needs new coal and gas supplies is pure fossil fuel spin” there is a need for a well regulated carbon market, complete with high quality offsets. “People are underestimating the financial benefit of getting a high, regulated price on carbon into the Australian economy. That is a massive win.” Read moreRead more
Renew Economy webinar
Tim Buckley joins Renew Economy editor Giles Parkinson, and Lisa Balk and Ed Ahmed from Grid Beyond, in this webinar presentation exploring “Crisis, contingencies and the green energy transition”. Read moreRead more
Solar panel prices are tipped to fall after years of increases, so when’s the best time to buy?
Tim Buckley predicts 10 per cent annual solar module price reductions over the next decade, with prices falling and the speed of the fall accelerating as existing global solar PV annual production capacity triples by the end of the year, with most of the new capacity in China. Read moreRead more
Australian carbon credit prices weaken amid pushback against emissions scheme reform
Tim Buckley on the Safeguard Mechanism debate: “Australian industry now knows action is inevitable, but they have largely failed to prepare or plan for this, given the energy and climate policy chaos of the last decade. So the affected players are saying they need offsets at least initially because they realistically have ignored the science and failed till now to prepare.” Read moreRead more
Only5mins! – Australia’s key minerals will make it a green energy superpower
In this 5 minute explainer, Tim Buckley speaks to pv magazine about the crisis threatening Adani Group, the “positive outlook” for Australian renewables, and the nation’s potential to become a clean energy superpower, including supplying the value added critical minerals the world needs for the energy transition. Read moreRead more
“A free pass to pollute”: The 12 dirtiest companies in Australia, ranked
Supporting the release of the Climate Council’s report on Australia’s biggest emitters impacted by the government’s Safeguard Mechanism reforms, Tim Buckley says it is crucial to name and shame the laggards that are driving Australia’s industrial pollution to intensify pressure on them to act. “These dozen super-polluters must make tangible, deep progress on reducing emissions and governments and investors alike must hold them accountable”. Read moreRead more
Carbon emissions from Australia’s ‘Dirty Dozen’ more than half Pacific Islands’ emissions
Tim Buckley observes that credible and ambitious Safeguard Mechanism reform is critical to driving sustained, rapid reductions in scope 1 emissions: “It is important to call out the worst contributors to industrial pollution and make sure they start cleaning up their acts. We need sustained emissions reduction action, and the dozen super-polluters in the Australian economy should make tangible, deep progress on reducing emissions and governments and investors alike must hold them accountable”. Read moreRead more
We ask 10 ASX hydrogen companies – what is your number one goal for 2023?
Tim Buckley said one of the biggest challenges for the green hydrogen industry is the fact there is still no price on carbon and therefore no green premium: “We need an overt market signal because you cannot compete with fossil fuels this decade if there is no regulation enforcing a high price on carbon. If companies can pollute for free using fossil fuels, they will.” Read moreRead more
Australia remains committed to coal
International Politics and Society journal
A story addressing Australia’s continuing commitment to coal, citing revelations of misrepresentation in quality certificates and the perpetuation of the myth of Australian coal’s superior quality by the Albanese government. Tim Buckley notes there is no doubt that ‘fraud, deception, theft and bribery’ are involved in the falsification of the certificates, the question now is how widespread the practice is. Read moreRead more
Our climate challenge is our greatest opportunity: So how do we get it right?
The newly formed Climate Capital Forum – a coalition of financial experts, investors, philanthropists, industry bodies and NGOs – this week launched a policy roadmap detailing bold reforms to position Australia as a superpower in zero-emissions trade and investment. Tim Buckley outlines the key policy asks. Read moreRead more