Wind farm turbines on the water

Media

Electricity/electrification

CEF in the media  |  Nov 3, 2024

Big Battery Bonanza

PV Magazine

Tim Buckley said: “There’s been such a dramatic rate of technological improvement with batteries, coupled with scaling up, that any advantage other technologies may have had, to meet the evening demand peak, from five to six years ago is gone,” he said. “Batteries will do a huge amount more heavy lifting than even thought a few years ago.” Read more
CEF in the media  |  Oct 28, 2024

Electrification is saving the grid from mass defections

Renew Economy

Tim Buckley comments that “although networks across the country are “antagonising” Australians by creating “sun taxes”, a fee to export rooftop solar power into the grid during peak periods, the cost is still immaterial compared to the savings people get from their rooftops. “That antagonism and mistrust and misinformation is an issue,” he says. “But the real one is when you put rooftop solar in, your electricity use goes down by 50 per cent, so how does the grid operator maintain their compensation? The answer is increasing their charges. If you put a battery in as well, your grid use goes down by 90 per cent, so your retailer’s and transmission operator’s revenue goes down by 90 per cent. “In one respect the electrification trend is a perfect counter to that [because AEMO forecasts electricity use will rise by 30 per cent in the coming decade].” Read more
CEF in the media  |  Oct 23, 2024

New Energy World | How Australia Plans for Massive Australian Renewable Energy Hub

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CEF published a major report on the electrification and decarbonisation of the Pilbara in August 2024, that argued that AREH could be a key part of the solution. Tim Buckley and colleague CEF Net Zero Transformation Analyst Matt Pollard, believe that AREH has the potential to act as a model for the Pilbara in how private enterprise can effectively collaborate with state and federal governments to accelerate large-scale renewable energy projects. ‘Renewable energy hubs at the scale of AREH can provide significant cost advantages over distributed, smaller-scale renewable energy projects,’ they say. Read more
CEF in the media  |  Oct 17, 2024

Australia’s clean power growth tops global leaderboard

PV Magazine

Responding to the IEA’s World Energy Outlook which tracks an ‘unprecedented growth in renewables’ and says fossil fuels will peak before 2030, Tim Buckley said: “The fossil fuel era is drawing to an inevitable close. Our future prosperity depends on hastening our energy transition and repositioning as a value-adding trade and investment leader.” “We should be deploying our solar and wind to process our energy transition materials like green iron and the critical minerals essential for cleantech onshore pre-export.” Read more
CEF in the media  |  Oct 16, 2024

Solar and batteries steal the show, but world needs more renewables quickly to meet 1.5°C target

Renew Economy

Tim Buckley, from Climate Energy Finance, says the IEA report is still likely to be underestimating the deployment of renewables. “Each year the IEA upgrades their renewable energy estimates, having underestimated the deflation of solar and BESS, and underestimating the technology improvements in cleantech as well – wind, solar, BESS and EVs,” Buckley says. “As such, the IEA’s expectation of peaks in all types of fossil fuel energy types is likely still too conservative. This is great news, as clearly global scientists have likewise underestimated the compounding impacts of climate change. “China clearly leads the world in both the manufacturing, domestic installation and export of all cleantech aspects. Read more
CEF in the media  |  Oct 16, 2024

PODCAST | China, India and Australia 2024 Update

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Tim Buckley on the Energy Transition Show podcast on China’s stunning transition and decarbonisation progress in Australia and India: Read more
CEF in the media  |  Oct 15, 2024

Australia’s energy market briefly reaches ~74% renewables

ABC Radio

Tim Buckley talks to ABC Illawarra about the surge to 73.6% renewables in Australia’s grid in early October, and what we need to do to drive higher renewables penetration to permanently slash power bills Read more
CEF in the media  |  Oct 15, 2024

VIDEO | Tim Buckley on ABC TV News Breakfast re Australia’s renewables surge

ABC TV News Channel

Tim Buckley comments on the record 73.6% renewables in the NEM last week, noting this is significant but more work is needed on CER and batteries to ensure we grasp our clean energy future – slashing energy bills for households and business Read more
CEF in the media  |  Oct 14, 2024

SunDrive and Trina to jointly make solar panels in Australia

PV Magazine

Tim Buckley said the partnership between Australia’s SunDrive and leading Chinese solar panel manufacturer Trina is a strong positive for the federal government’s Solar Sunshot program and broader Future Made in Australia strategy. Read more
CEF in the media  |  Oct 14, 2024

Albanese’s domestic solar manufacturing hero strikes China pact

The Australian Financial Review

Tim Buckley says the partnership of leading Australian solar start-up SunDrive with China’s Trina solar is a great opportunity for the Australian industry to benefit from China’s clean energy nous to accelerate decarbonisation. Read more
CEF in the media  |  Oct 13, 2024

VIDEO | Tim Buckley discusses Green Capital Tsunami report on Sky News

Sky News

Tim details CEF’s new report on the $100bn plus in cleantech capital China is investing around the world into solar, wind, EVs, batteries and more, including what Australia needs to go to attract this capital to speed our energy transition. Read more
Media Releases  |  Oct 9, 2024

The Business Post | Bangladesh lags as renewables set to offer half of global power

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Tim Buckley, a leading energy analyst and director of Climate Energy Finance, added, despite a strong increase in investments in renewable energy since the December 2023 COP28 pledge to triple installed capacity by 2030, they are not yet on track to meet this goal, with global capacity expected to grow by 2.7 times by the end of the decade. “This reflects a 25 per cent lift in collective ambition compared to last year, driven by decreasing costs for solar and battery technologies. Increased support from developed nations is crucial for facilitating the energy transition in developing countries, helping to rapidly decarbonise in line with climate science,” Tim Buckley said. Read more
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