Decarbonisation
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Curtain call for fossil fuels: IEA says Ukraine war locks in shift to renewables
Renew Economy
Tim Buckley calls on Australian governments and industry to note the IEA’s forecast for the ongoing structural decline of coal, modelling up to a 45% decline globally by 2030. The agency also highlights the structural demand for key critical minerals and hence the opportunity for Australia as a world leader in critical mineral resources.
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IEA forecasts fossil fuel demand to peak by mid ’20s
The Australian
As fossil fuels peak before 2030 and then decline, Tim Buckley notes that the IEA’s 2022 World Energy Outlook says a huge increase in energy investment, to above $4 trillion per year, is essential to reduce the risks of future energy price spikes and volatility, and to get on track for net zero emissions by 2050.
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Federal budget wrap part 2
ABC Radio
In part 2 of an extended interview, Tim Buckley gives a comprehensive breakdown of the positive energy transition initiatives in the 2022 budget, as well as the omissions and missed opportunities.
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Federal budget wrap part 1
ABC Radio
In part 1 of a 12 minute interview, Tim Buckley gives a comprehensive breakdown of the positive energy transition initiatives in the 2022 budget, as well as the omissions and missed opportunities.
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Budget 2022-23: Powering clean, affordable energy with jobs and training to match
Energy Magazine
Tim Buckley comments on the Federal Budget, including its lack of attention to tackling the revenue costs of fossil fuel subsidies.
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OP ED | Budget offers substantial progress on energy transition, but serious omissions remain
The New Daily
Tim Buckley writes that the federal budget is pragmatic and aligned with the government’s positive energy transition commitments. However, the absence of any meaningful, long overdue fossil fuel tax reform, which would generate revenue to offset the power price hyperinflation smashing Australians, is a major omission.
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Climate related measures expected to feature in federal budget
Canberra Times
Tim Buckley: “At the end of the day we’ve got an energy crisis, a cost of living crisis, a climate crisis. We need to reform the tax system to make it fairer and make sure multi-nationals pay … [and] quantify the benefit to Australia in terms of corporate tax receipts and reductions of fossil fuels.”
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ENERGY TRANSITION | Many difficult cogs in the electricity price wheel
The Australian Financial Review
Tim Buckley comments in this story which notes while consumer electricity prices are inflated and may rise in the near term as the system decarbonises, the long-term outcome will be a reduction in power prices.
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ENERGY TRANSITION | Australia’s biggest electricity system ‘on life support’ as states take control of energy transition
ABC online
“The national electricity market needs fundamental reform,” Tim Buckley said. “Chaotic federal energy policy under the previous government, meant state governments going it alone.” Buckley described Victoria’s decision to renationalise part of the electricity system as ‘excellent’, saying that even though the time frame was ‘aggressive’ it would give greater certainty to everybody.”
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ENERGY TRANSITION | Victoria plan to revive public energy ownership
Canberra Times
“As we build out more supply of very cheap, variable renewable energy – firmed by batteries and so on – we will see the electricity price halve over the next decade,” CEF director Tim Buckley told AAP in a story featured across over 100 mastheads.
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ENERGY TRANSITION | Renewable energy transmission gets multi-billion injection but projects still years away
ABC Radio National Drive
Tim Buckley: “It will take 5-10 years to build out the grid after a decade of policy inaction. Now we have to move double fast to build the infrastructure and facilitate the wave of $100bn of new regional investment in wind, solar, pumped hydro, batteries and so on bringing huge employment opportunities and value adding for communities and industries, and to lower energy prices for all of us”. [at 11:45]
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ENERGY TRANSITION | Government announces funding plan for Marinus Link
ABC Radio National PM
Tim Buckley: “The critical point here is that the federal government is now working with the states to deliver on key objectives: decarbonisation, reducing the cost of power for all Australians and modernising the grid.”
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