Media

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

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

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

Tim Buckley on the Energy Transition Show podcast on China’s stunning transition and decarbonisation progress in Australia and India: Read more

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

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

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

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

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

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

Energy analyst Tim Buckley is director of think tank Climate Energy Finance and said the battle for Korea Zinc, the world’s largest zinc refiner, was globally significant. “To me it looks like two Korean families who have cooperated together for a long time and now there is a divergence of views and one of the Korean families has brought in one of the most successful Korean private equity firms, MBK, to come in and buy control,” he said. But Mr Buckley said it was simply too soon to predict ramifications on the move towards “green” zinc in Australia and Ark Energy’s renewable energy projects. “There is a fear that the company could go through a major strategic pivot, but to some degree we’re incidental to the central game plan in Korea,” he said. Read more

The flaws in the Adani Godda power plant agreement have been widely documented in international media as well. Tim Buckley, a leading energy expert, told The Washington Post in 2022 that Bangladesh would pay over five times the country’s average wholesale electricity price for power from Adani’s plant. Even if coal prices revert to pre-Ukraine war levels, Bangladesh would still be paying 33 percent more for Adani’s electricity compared to its domestic coal-based power plants. Buckley described this contract as “an absolute gouge” and questioned how any reasonable person could have signed such a detrimental deal on behalf of Bangladesh. Read more