Media

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

As Tim Buckley and AM Jonson write the record high of low-cost wind and solar in the grid comes as we are still waiting for the Coalition’s budget projections on its plan to nationalise the eye-watering cost of seven nuclear plants. Read more

Distributed internationally via AFP – Australia remains one of the world’s leading exporters of coal and gas and has relied heavily on fossil fuels to keep the lights on. But climate finance expert Tim Buckley said August’s record figures were caused by wild weather and a warm start to the spring, which had reduced demand on the grid by up to 20 percent. “It’s a historically low coal share for Australia in the national energy market, but it’s also a sign of where we are going,” Buckley told AFP. “It will only be a few years from now that coal is contributing virtually nothing,” he added. Read more

The Australian Energy Market Operator (AEMO) has released its latest Electricity Statement of Opportunities (ESOO), painting an optimistic picture of Australia’s energy future. The report suggests that with continued investment in new renewable and storage projects, the nation can successfully transition beyond coal-fired power generation. Tim Buckley, Director of Climate Energy Finance, highlighted that AEMO’s forecasts show power supply reliability can be maintained over most of the next 10 years, provided that established programs and initiatives are delivered on time. Read more

The global dynamic in the energy transition focuses on Australia, Europe or the US, with occasional reference to China. The capacity and deployment stats coming out of China are staggering, and not well reported. The good news is there is indeed a clear and consistent voice on China, based here in Australia. Tim Buckley from Climate Energy Finance is a banking analyst with deep experience on the rise and rise of China in solar, wind, batteries and EVs. Tim follows the data points closely and observes trends not cutting through elsewhere. Read more

Fossil fuel lobbyists are exploiting farmers in claims they need the diesel rebate, an $11 billion+ subsidy, to survive. Matt Pollard and Read more

Tim Buckley, Climate Energy Finance Director said AEMO’s new 10 year ESOO concludes there is no reliability gap until 2034 in any state in the NEM unless there are project delays in the deployment of replacement capacity. “AEMO forecasts show that power supply reliability levels can be maintained over most of the next 10 years – assuming programs and initiatives already established are delivered on time and in full,” he said. “We simply need a lot more zero-emissions energy capacity approved and built, particularly utility-scale renewables.” Read more

Tim Buckley speaks on ABC Victoria Radio on AEMO’s 2024 ESOO and continued investment into renewable energy to ensure a stable and secure electricity grid. Read more

CWP Global has revealed that the BP-majority owned 26GW Australian Renewable Energy Hub Project (AREH), located in the iron-ore rich Pilbara region of Western Australia, has had its Major Project Status renewed by the Australian government. Critical to the success of the project will be federal and WA government support for Pilbara Green Link transmission lines to enable the mining sector’s best use of one of the most scaleable renewable energy resources anywhere in the country, CWP added. A recent report by Climate Energy Finance estimates that Australia has the potential to double the value of its annual iron exports to AUS$250bn. Read more

As SunCable gains environmental approvals from the NT Government and the Federal Government, The Australian promoting an earlier interview with Tim Buckley on Sky News in 2023 on SunCable detailing the events of SunCable’s voluntary administration. “At the end of the day, this is a very, very challenging project proposal – it’s a world first,” Mr Buckley told Sky News Australia. “A world-leading project needs to actually have sufficient government endorsement.” Read more

Australian think tank Climate Energy Finance (CEF) published a report on how accelerating the electrification and decarbonisation of the Pilbara region would help the country achieve its green export goals. Called “Superpowering-Up,” the report was written by Matt Pollard, net-zero transformation analyst at CEF, and Tim Buckley, a director at the organisation. It was made available to the public on August 13. One of the report’s main findings is that single common-user grid infrastructure in the Pilbara area would be a key catalyst in speeding up decarbonisation in the region, which is the “engine room” of Australia’s resource sector. Read more

Tim Buckley, co-author of Climate Energy Finance’s SUPERPOWERING-UP report, speaks on WA radio channels broadcasted across Perth, Kimberley, Pilbara and regional areas, discussing the importance of accelerating decarbonisation to supply China with green iron as it increased its exports to Europe under the Carbon Border Adjustment Mechanism. Read more