Electricity/electrification
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Qld premier announces $570m battery industry strategy
AAP
Queensland is poised to become Australia’s renewable energy “superpower” after unveiling a $570 million battery industry investment. Premier Steven Miles on Thursday announced the multimillion dollar strategy that is forecast to contribute $1.3 billion to the economy and create 9100 jobs by 2030. Think tank Climate Energy Finance (CEF) said Queensland was becoming the nation’s “cleantech leader”. “The battery strategy is further evidence that Queensland is not just undergoing an energy transition but a complete transformation from a legacy coal and gas petrostate to a renewable energy and critical minerals superpower,” CEF director Tim Buckley said.
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OP ED | From petrostate to electrostate: Queensland’s renewable energy push shows the Albanese government can move faster
The Guardian
Queensland is not just undergoing an energy transition, but a complete transformation from a legacy petrostate to a renewable energy superpower. Its staggering momentum has lessons for other states and the federal government. The state is a case study on the catalysing impact of public capital expenditure in “crowding-in” private investment to energy transition. As Climate Energy Finance’s new report released this week details, Queensland’s nation-leading investment in transmission, large-scale low-cost renewable energy and consumer energy resources (CERs) is resulting in a tidal wave of public and private capital.
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Proactive Investors | Queensland leads clean energy charge with transformational investments
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New research from independent think tank Climate Energy Finance (CEF) has found that Queensland is leading the nation in the transition to renewable, clean power, having made transformational investments in transmission, large-scale, low-cost renewable energy and Consumer Energy Resources (CER). Interestingly, the revamp has offered regional Queensland new opportunities as well – CEF believes the Sunshine State is on the precipice of leaving behind its legacy of coal and gas and becoming a clean tech superpower with the minerals and renewable energy needed to service the global push to decarbonisation.
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Energy Source & Distribution | Report: Queensland leading Australia’s renewables race
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A new report by independent public interest think tank Climate Energy Finance (CEF) finds that Queensland’s nation-leading investment into transmission, large-scale low-cost renewable energy and Consumer Energy Resources (CER) is crowding-in a tidal wave of public and private capital. Leveraging Queensland’s game-changing $62 billion Energy and Jobs Plan, this is accelerating the state’s energy transition, reducing reliance on expensive, polluting fossil fuels and putting downward pressure on household and commercial energy bills.
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WIN News TV on Queensland Energy Transformation Report
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Tim Buckley appears on Queensland WIN News to discuss CEF’s new Queensland Energy Transformation report.
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ABC Radio Sunshine Coast with Tim Buckley
ABC Radio
Tim Buckley joins ABC Radio Sunshine Coast to discuss how Queensland’s Energy and Jobs Plan is bringing in a tidal wave of investment into large-scale renewables, as well as distributed energy resources.
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ABC Radio Brisbane with Tim Buckley and Kelly Higgins-Devine
ABC Radio
Tim Buckley joins Kelly Higgins-Devine to discuss Climate Energy Finance’s new report analysing Queensland’s energy transformation, covering government investment, renewables, rooftop solar and energy prices.
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Tidal wave of capital transforms Queensland into renewables and critical minerals superpower
Renew Economy
The sunshine state is at the precipice of transforming from a legacy coal and gas petrostate to a renewable energy superpower. It is in the process of unleashing its once-in-a-century opportunity to lead the world in exporting decarbonised critical minerals and metals key to the global energy transition. As we find in our new CEF report, Queensland’s nation-leading investment into transmission, large-scale low-cost renewable energy and Consumer Energy Resources (CER) is crowding-in a tidal wave of public and private capital. Off the back of the state’s game-changing Energy and Jobs Plan, this is turbocharging the energy transition, reducing reliance on expensive, polluting fossil fuels and slashing household and commercial energy bills.
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Tidal wave of investment gives Queensland’s energy transition momentum
PV Magazine
Independent Australian think tank Climate Energy Finance (CEF) finds public and private capital is rapidly transitioning Queensland from its dependence on coal and methane gas for electricity generation. The findings were published today in a new report. Called the Queensland’s Energy Transformation: From Coal Colossus to Renewable Energy Superpower report, its key findings show renewables are the fast-growing energy source in the state’s grid, on track for its coal fleet to retire by 2035. State government policy, the report concludes, is attracting billions in private sector investment into renewable energy infrastructure.
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Acciona bets on Qld clean energy as NSW, Victoria lag
The Australian Financial Review
A new report by Climate Energy Finance, a Sydney-based think tank, praises Queensland’s energy and jobs plan, a climate, energy and future industries policy designed to eliminate the state’s reliance on fossil fuels. The report, Queensland’s Energy Transformation: From Coal Colossus to Renewable Energy Superpower, will be released Wednesday. It says the jobs plan, backed by a 75 per cent 2035 emissions reduction target, has put the state on “the precipice of a clean-tech revolution, one that well positions the state as a renewable energy and cleantech superpower”. “In an incredibly short timeframe, Queensland has pivoted from energy and climate laggard to a national leader in distributed rooftop solar and large-scale firmed renewables and infrastructure.”
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Westender | From Coal Colossus to Renewables Superpower – New Report
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A new report by independent public interest think tank Climate Energy Finance (CEF) finds that Queensland’s nation-leading investment into transmission, large-scale, low-cost renewable energy and Consumer Energy Resources (CER) is crowding-in a tidal wave of both public and private capital. Leveraging Queensland’s game-changing $62bn Energy and Jobs Plan, this is turbocharging the state’s energy transition, reducing reliance on expensive, polluting fossil fuels and putting downward pressure on household and commercial energy bills.
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Victoria’s power dilemma: Reliability, resilience and a 40-year-old plant
The Age
Grid expert Tim Buckley, director of Climate Energy Finance, said that when you had 30 per cent of Victoria’s power generation centred on a single, ageing facility, “you have a real concentration of risk”. “The idea that Loy Yang A is going to be operational 10 years from now is really remote,” Buckley said. “The engineers say it has a 40-year life asset. Forty years is next year, so any year beyond 2025 is a bonus year.
“So we have critical point reliance on something that already next year reaches its end of useful life and we’re banking on it being held down for another decade. It’s already unreliable.”
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