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Where China once built an industry from Australian innovation, Australia now needs China’s help to do the same. To build low-cost panels at scale, experts say Australia needs access to the production line technology and manufacturing patents China has developed over the past 20 years. “I see manufacturing [intellectual property] as a challenge but also an opportunity,” Tim Buckley, director of Climate Energy Finance, said. “This is a way of enhancing collaboration with China.” Read more

A group of seven Australian renewable energy industry organisations and investment bodies has called on the government to stay the course on the Future Made in Australia Act (FMAA) and back it with targeted budgetary commitments to leverage a “once-in-a century” decarbonisation opportunity. The Clean Energy Investor Group (CEIG), Clean Energy Council (CEC), Rewiring Australia, Smart Energy Council (SEC), Beyond Zero Emissions, Climate Energy Finance (CEF), and Climate Capital Forum have stood as one to show their support for the recently announced initiative that is designed to build local industries focusing on the clean energy transition. Read more

In a show of unity, Australia’s leading energy industry players and investment groups have thrown their weight behind Prime Minister Anthony Albanese’s landmark ‘Future Made in Australia’ initiative. Tim Buckley, director of Climate Energy Finance, urged the government to “hold its nerve and deliver an ambitious and coordinated package of budget incentives”, enabling Australia to pivot from its historic over-dependence on fossil fuels to a zero-emissions global trade and investment leader. Read more

Australian Associated Press – Clean energy companies and investors called on the federal government to “hold its nerve” and deliver an ambitious and coordinated package of budget incentives to accelerate the transition away from fossil fuels. In a joint statement, they urged Treasurer Jim Chalmers to use the May budget to encourage investment, as rival economies throw trillions of dollars into renewable energy and clean tech to secure their national interests. “We urge the government to hold its nerve and deliver an ambitious and coordinated package of budget incentives,” Mr Buckley said. Read more

Responding to criticism of Prime Minister Anthony Albanese’s Made in Australia Act, a group of energy and finance leaders joined forces on Thursday to call for the scale of budget support required for decarbonisation. Australia could not afford to “sit out” the accelerating global transition and needed taxpayer support to unlock the private capital needed for zero-emissions economic opportunities, they said. Read more

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Nishtha Aggarwal, an analyst at the independent think tank Climate Energy Finance (CEF), has roundly criticised Australia’s big four banks for touting sustainability rhetoric without following through with meaningful action. “Trumpeting climate action based on the low-hanging fruit of financing minimally green-rated buildings is not enough, and leaves them open to accusation of greenwashing,” said Aggarwal. “They must put ‘their’ money where their mouth is.” An analysis of the major banks’ sustainable finance target (SFT) allocation to date found that a massive 44 per cent of funding was allocated to green buildings. Read more

We need to get on the bandwagon or get left behind. The transition is happening. The world is moving on. If we don’t move with everyone, Australia will languish and stagnate. So what’s in this plan? Founder and director of Climate Energy Finance Tim Buckley is here. G’day, Tim. Good afternoon Jake. So how would you describe this plan in simple terms? This plan. is definitely Australia’s uniquely Australian response to the US Inflation Reduction Act. Without doubt. Read more

China has by far the world’s biggest wind turbine production capacity, or 60% of 163 gigawatts (GW) in 2023, says Brussels-based industry association Global Wind Energy Council. China exported about $1.42 billion of turbines and components to the EU last year. The situation in China’s wind turbine sector is similar to that in the solar sector, with massive domestic capacity increases underpinned by extensive government support, said Xuyang Dong, China energy policy analyst at Climate Energy Finance in Sydney. “With a domestic supply glut and world leading technology, China will increasingly seek to export turbines.” Read more

Battery storage is the hot-spot in the Australian renewable energy transition right now, but it has barely touched the sides when looking at its potential. The so-called “Swiss Army Knives” of the renewable energy transition have learned how to make returns in some key parts of the grid, but much of their potential – long duration storage and specific services – remains difficult because either the market does not exist, or because of the lack of funding and support. Tim Buckley joins Giles Parkinson, Founder & Editor of Renew Economy, alongside Paul Curnow from Akaysha Energy and Daniel Burrows from Eku Energy. Read more

Greg Combet’s ascension to incoming chair of the Future Fund is already generating plenty of discussion around the sovereign wealth manager’s role in investing in Australia’s green economic transition, even though he won’t take the reins until July. “They’ve gone from having a climate luddite to a climate evangelist in the chair — so you would expect the fund to have a more significant role and invest more in that area,” said Tim Buckley, director of think tank Climate Energy Finance. Read more

Consolidation in China’s crowded solar power sector is pushing smaller players out of the market, but excess production capacity – with more on the way – threatens to keep global prices low for years. “Many non-solar companies in China have been enticed by massive sustained market growth opportunities in solar and favourable policy support,” said Dong of Climate Energy Finance, who expects most plans by such players not to materialise. Read more