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What does a green superpower look like? A certain command and control economy to Australia’s north is the model despite its many current flaws. “China is moving a million times faster than we are,” CEO of Climate Energy Finance, Tim Buckley, said. “China installs 24 gigawatts of wind and solar every month. That’s what they did last month. That’s what they’ve done on average in the last 20 months. We do about six gigs a year. “So they do in one week what we take a year to do. “The idea that we’re the superpower is a delusion. “We’re in a race and we’re not winning it. “But we do have the potential to be a renewable energy superpower and mining is going to be how we get that.” Read more

Trump is expected to reduce the US’ commitment to his predecessor’s landmark Inflation Reduction Act, which funnelled billions of dollars into clean energy. “This opens up strategic opportunities for cooperation for many countries, including both Australia and India,” said Tim Buckley, director of the Sydney-based Climate Energy Finance think tank. Read more

The highlights include a keynote address from Tim Buckley, Director, Climate Energy Finance on “The Energy Transformation – Looking Towards 2025”. Tim Buckley said connecting and developing the climate tech investors in Australia is an urgent task. “We’re building the solutions to these massive energy and Decarbonisation problems and we need to make sure we can finance them at much greater speed and scale in the domestic context,” he said. Read more

Tim Buckley speaks to David Chau at ABC TV’s Close of Business about COP29 and how effective it is as a forum for global action on climate in the face of the election of Trump in the US and China’s staggering global leadership on decarbonisation. Tim notes that Australia’s $50m commitment to helping developing nations deals with the impacts of climate change is a tiny number compared to the $150bn in gross profits Australia’s fossil fuel exporters made in the last financial year, highlighting our hypocrisy as one of the world’s top 3 fossil fuel exporting nations. Read more

Australia could miss out on $70 billion a year in export revenue if it does not pivot quickly enough “green iron” as countries like China decarbonise their supply chains, a new report claims. By becoming a world leader in green iron, Australia could double its export revenue to $250 billion, according to the Climate Energy Finance (CEF) think tank. “However, failure to overcome the technical and economic challenges of green iron would mean Australia risks the reality that our iron exports could halve, as traditional importers restructure and decarbonise supply chains, and prioritise regions of high-quality iron ore and low-cost ironmaking,” CEF said in its report. Read more

Tim Buckley on Jaynie Seal’s Sky Weekend Live covers CEF’s new report on forging an Australian green iron industry, Read more

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Trump has expressed his determination to roll back President Joe Biden’s push to accelerate the US economy’s transition to low-emissions technology. And that may leave a green iron and green steel hole in global trade that Australia can step into. “Potentially, the emerging market could add $250 billion each year to national revenue. If we don’t capitalise on it, a new report from Climate Energy Finance states the nation could face a $69 billion budget black hole. “This is brilliant for Australia, and if we don’t do it, we’re going to look like absolute morons in a decade’s time with Oman, Saudi Arabia, Brazil and Guinea having eaten our lunch,” report co-author Tim Buckley said. Read more

Tim Buckley tells Xinhua that China is helping developing countries decarbonize through renewable energy leadership, international partnerships, and massive investments in emerging markets. Read more

Through initiatives like the Belt and Road Initiative (BRI), China is strategically investing in renewable energy projects across Asia, Africa, and Latin America. These partnerships include funding solar farms, wind power plants, and hydropower projects, enabling developing nations to reduce reliance on fossil fuels. Tim Buckley, chief of Climate Energy Finance, highlights how China’s financial and technological contributions are crucial for advancing global decarbonization goals. Read more

Prof Elizabeth Thurbon writes on CEF’s green iron report and the immense strategic opportunity for Australia in establishing a green iron and steel industry Read more

Australian Mining Monthly covers CEF’s new green iron report, which finds that we face a potential 50% drop in iron ore export revenues if we fail to pivio at speed to green iron Read more