Wind farm turbines on the water

Media

Decarbonisation

CEF in the media  |  Oct 3, 2023

Five reasons why the government mustn’t cool its heels on an “Australian IRA”

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As Elizabeth Thurbon et al write in The Lowy Interpreter, the Australian Renewable Industry Package is a $100 billion, ten-year green energy transition package proposed by a coalition of groups including Climate Energy Finance, the Smart Energy Council, and the Australian Council of Trade Unions. This was no knee-jerk or panicked effort, but a considered view on a proportionate Australian response to the US Inflation Reduction Act (IRA) – a $520 billion bipartisan bid to secure US dominance in the high-wage, high-tech green industries of the future. The IRA is now sucking a good deal of green energy investment away from Australia, requiring a policy response from Canberra commensurate with Australia’s generational opportunity. Read more
CEF in the media  |  Oct 2, 2023

‘Demand response’ is the missing link in the solar boom. Here’s how it works

The Australian Financial Review

In a feature on better utilisation of consumer energy resources to speed transition, the AFR notes that recently, Marsden Jacob Associates’ Cameron O’Reilly, Electrify Australia founder Saul Griffith and Climate Energy Finance’s Tim Buckley have pushed for more solar and batteries on household, business and public buildings to accelerate decarbonisation while large projects are built. Read more
CEF in the media  |  Sep 20, 2023

Energy industry pumps profits into lobbying and advertising

The Sydney Morning Herald

As Comms Declare exposes PR firms involved in greenwashing fossil fuels, Tim Buckley notes Australia’s profit margin from exporting $240 billion in fossil fuels in 2022 had resulted in more money than ever to “fund their lobbying efforts to delay climate action and protect their profits”. Read more
CEF in the media  |  Sep 17, 2023

Journos are failing the public in their reporting on renewables

The Australian

In a beat up on the “failures” of energy transition reporting by the ABC and SMH, The Australian notes that the ABC AM program interviewed CEF’s Tim Buckley on Climate Energy Finance’s call for $100bn in government investment in renewables and critical minerals such as copper and lithium, and for the Future Fund to become an equity holder in renewables projects. Read more
CEF in the media  |  Sep 13, 2023

Organisations call for critical $100B Renewable Industry Package

Energy Magazine

Climate Energy Finance Founder, Tim Buckley, said that the package would re-industrialise the state and provide thousands of job opportunities for Australians. “A $100 billion package will help re-industrialise the nation, create hundreds of thousands of jobs, diversify our export base and revenue streams as well as increase local value-added production, secure supply chains and develop sovereign manufacturing capabilities. Read more
CEF in the media  |  Sep 13, 2023

Diesel fuel rebate our biggest fossil fuel subsidy. What’s the scam?

Michael West Media

According to a report released today by Climate Energy Finance (CEF), capping the diesel fuel rebate (the Fuel Tax Credit Scheme – FCT) would save $14 billion over 7 years. It could also help to kick-start a mining electric vehicle industry in Australia, including export opportunities. Read more
CEF in the media  |  Sep 13, 2023

Diesel limit will fast-track truck electrification says report

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Australian Mine Safety Journal reports that restricting fossil fuel incentives could accelerate the transition towards environmentally friendly alternatives, a study found. “This is not a revenue grab we are trying to encourage them to do the right thing,” Climate Energy Finance Corporation founding director Tim Buckley said according to the Australian Associated Press. Buckley suggested extra taxpayer money should be spent on luring Liebherr, Komatsu, Caterpillar and more to expand their domestic electric vehicle operations. Read more
CEF in the media  |  Sep 13, 2023

Canberra Times: New alliance calls for $100b clean energy package

Canberra Times

The Biden administration’s package includes generous tax incentives for clean energy and other key technologies and has triggered a global investment race. The alliance – including the Australian Council of Trade Unions, the Australian Conservation Foundation, Climate Energy Finance and the Smart Energy Council – is calling for a $100 billion sum over 10 years. Read more
CEF in the media  |  Sep 13, 2023

Tim Buckley on AusBiz: $100bn new capital in renewables & a diesel rebate cap to reinvest in mine haulage electrification

AusBiz

Tim Buckley told AusBiz that CEF calls for a new $100bn new capital and direct budget investment in renewables and energy transition over the next decade, as a response to Biden’s IRA, with half to focus on domestic electrification and decarbonisation, another half to focus on value-added energy transition materials exports. Part of this could be funded by a cap on the diesel rebate to mining. Read more
CEF in the media  |  Sep 11, 2023

Canberra Times: Climate Energy Finance think tank wants fuel tax credit scheme limited

Canberra Times

The federal government could save $14 billion by capping the fuel tax credit for large mining companies and use the funds to drive the electrification of the sector, think tank Climate Energy Finance says. The fuel tax credit scheme, which allows businesses to claim for tax paid on fuel used to power machinery and heavy vehicles, will cost taxpayers $37 billion by 2030 unless the government sets a limit on how much they can claim, a report by the think tank says. Report co-author Tim Buckley said the tax credit scheme was the nation’s largest fossil fuel subsidy and one of the biggest in the world. Read more
Media Releases  |  Sep 11, 2023

MEDIA RELEASE | A new $100bn Australian Renewables Industry Package is critical for our future security and prosperity

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CEF joined The call for a ten-year $100 billion Australian Renewables Industry Package to respond to the US IRA, endorsed by partners including the Australian Conservation Foundation, Australian Council of Trade Unions, Climate Action Network Australia, First Nations Clean Energy Network, New Energy Nexus, Rewiring Australia and the Smart Energy Council. Read more
CEF in the media  |  Sep 11, 2023

Govt pressed to invest $100bn in renewable energy

ABC Radio National AM

Tim Buckley speaking on ABC Radio AM as part of the coalition of industry, business, union and community groups calling on the Albanese Government to invest $100bn over the next decade to compete in the global race to develop renewable energy industries. Read more
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