Media

Tim Buckley, director of independent public interest think tank Climate Energy Finance, said $2 billion was “a mere token response” to the Biden administration’s $US1 trillion ($A1.6 trillion) industrial and energy stimulus – the biggest in US history. “It isn’t even a down payment, it is so lacking in courage, conviction and ambition,” Mr Buckley told AAP. Read more

Tim Buckley in Tasmanian Times: “Offshore wind is a key scaleable decarbonisation solution for the world. Installations globally are expected to increase dramatically this coming decade as China, Taiwan, Japan, Korea, Vietnam, India and the US all look to leverage the massive experience achieved in Europe over the last decade. There is an enormous pipeline of investment proposals in this new field emerging globally.” Read more

Tim Buckley said planning is needed for consecutive developments proposed across Victoria, NSW, Tasmania and Western Australia to cover the high set-up costs for a domestic manufacturing supply chain. “We need to weigh up the additional costs related to offshore wind construction and see where it makes the most economic sense,” he said. Read more

A profound investment surge in renewables, heat pump, batteries and EV manufacturing capacity globally is underway, with annual global manufacturing capacities of each due to double every 24 months at the current run rate, Tim Buckley of Climate Energy Finance (CEF) told MWM. Read more

Tim Buckley welcomes the NSW government to legislate climate change targets, he argues that throwing hundreds of millions of dollars at Eraring power station is the wrong decision, and the environment can’t afford the delay of the closure of Eraring. Read more

Tim Buckley, discussed Australia’s energy landscape. Tim highlights the impact of climate change on the energy sector and the need for a balanced approach to address energy, cost of living, and climate crises. He also explains the potential benefits of projects like the Marinus Link and provides insight into wholesale power prices and their potential impact on retail prices in Tasmania. Read more

The size of the BlackRock fund “is very material” for New Zealand, especially with its already high share of renewables and entrenched electricity decarbonisation pathways, says Tim Buckley, Sydney-based director of think tank Climate Energy Finance, who has done work for New Zealand’s power sector. “The whole idea of renewable energy infrastructure is that it is low-risk and patient capital,” Buckley explains. “It is effectively like bond-plus returns if you have the right long-term offtaker in place, so you can actually deploy a large amount of capital that would otherwise go into a bond fund.” Read more

Tim Buckley, Director of Climate Energy Finance highlights the remarkable advancements in renewable energy made by China, with a particular emphasis on solar and wind power. Tim is impressively captivated by China’s prodigious expansion in the energy field, recognising that it has surpassed other nations by installing an astonishing fivefold increase in renewable energy. He draws attention to China’s tactical approach, noting that an impressive 156 gigawatts of wind and solar have been set up within a span of eight months, signifying a substantial 120% escalation compared to the previous year. Read more

The Manly Daily reports meteorologists are predicting a hot, dry summer over the 2023-24 season, with a significantly increased risk of bushfires. A Northern Beaches community forum, with a panel of experts to discuss the implications and how to prepare and respond will be hosted by Mackellar MP Dr Sophie Scamps, and feature Tim Buckley, Greg Mullins, former Commissioner of Fire and Rescue NSW (FRNSW) and Dr Simon Bradshaw, author and Research Director at the Climate Council independent research charity. Read more

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

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

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