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Energy crisis

CEF in the media  |  May 23, 2024

Reactions to extension of Eraring power station continue

The Guardian

Continued coverage in The Guardian on the extension of Eraring coal powered electricity station in NSW; commentary from CEF founder and director, Tim Buckley. Read more
CEF in the media  |  May 23, 2024

Extending life of Australia’s biggest coal-fired power station is ‘deeply disappointing’, green groups say

The Guardian

Environmental groups say they are “deeply disappointed” by the New South Wales government’s decision to extend the life of Australia’s biggest coal-fired power station for at least two more years, saying it would have “far-reaching consequences” for investments in renewable energy. Tim Buckley, founder and director of Climate Energy Finance comments in The Guardian’s coverage. Read more
CEF in the media  |  May 23, 2024

NSW government throws Eraring power station a lifeline until 2027

The Sydney Morning Herald

The Minns government will pay Origin Energy up to $450 million over the next two years to extend the life of Australia’s largest coal-fired power station, Eraring, should the company opt in to a deal that NSW Treasurer Daniel Mookhey insisted was “not an act of corporate welfare”. But some experts, including many from the renewable energy sector, have criticised the government for agreeing to a deal they say is unnecessary. Tim Buckley, the head of pro-renewables think tank Clean Energy Finance, labelled it “yet another massive coal subsidy funded by electricity users in NSW”. Read more
CEF in the media  |  May 23, 2024

Coal plant gets two-year lifeline amid renewable switch

Canberra Times

Syndicated widely across 100+ mastheads via AAP | The life of Australia’s largest coal-fired power station will be extended for at least two years beyond its scheduled 2025 closure date. “This is essentially Coalkeeper 2.0 – yet another massive coal subsidy funded by electricity users in NSW” – Climate Energy Finance director Tim Buckley. Read more
CEF in the media  |  May 23, 2024

Eraring “coalkeeper” deal may do little to keep the lights on, but it might bail out the state government

Renew Economy

The deal to extend the life of Australia’s largest coal generator – 2.88 GW – is being sold as necessary to “keep the lights on”, but there is no guarantee that it will do that. As Tim Buckley, from Climate Energy Finance, observes, Origin has “kindly offered” to share 20 per cent of any profits, capped at $40 million a year, but will share 80 per cent of the losses with the people of NSW, capped at $225 million per year. “This is essentially Coalkeeper 2.0 – yet another massive coal subsidy funded by electricity users in NSW,” he said. Read more
CEF in the media  |  May 23, 2024

INTERVIEW | The NSW government set to extend the life of the Eraring coal-fired station

Sky News

Climate Energy Finance’s Tim Buckley joins Kieran Gilbert on Sky News to discuss the extension of the life of Eraring coal-fired power station. Read more
CEF in the media  |  May 23, 2024

INTERVIEW | Coal power station’s life extended

ABC Radio National PM

Australia’s transition to renewable energy appears to have been dealt a blow, with the nation’s biggest coal-fired power plant to be kept open longer than expected. Read more
CEF in the media  |  May 23, 2024

Australia Gives Largest Coal Power Plant Two-year Lifeline

Barron's

Sun-soaked Australia’s lofty renewable energy ambitions were given a harsh reality check on Thursday, as looming electricity shortfalls delayed the long-awaited shutdown of the country’s largest coal-fired power plant. In many cases, nuclear makes sense for energy-deficient countries that had no domestic renewable options, such as Japan, energy analyst Tim Buckley told AFP. “Nuclear has no future in Australia,” he said. “Australia has not continuously built it, we have none of the skillset, none of the engineering, and none of the capacity for nuclear.” Read more
CEF in the media  |  May 23, 2024

OP ED | With the Coalition’s nuclear fantasy demolished by CSIRO, Labor must get cracking on renewables

Renew Economy

The new CSIRO GenCost 2023-24 report released this week makes for very interesting reading. In the report, the Australian Government’s independent scientific body subjects the nuclear barracking of Peter Dutton and Ted O’Brien to a comprehensive science and economics based, peer reviewed debunking. Peter Dutton has now pivoted to spruiking large scale nuclear reactors, having repeatedly thumped the table last year asserting in the face of all the available evidence that small modular reactors are the solution for Australia’s energy transition, with a similar reception from the CSIRO. Read more
Media Releases  |  May 22, 2024

Energy report calls for boost to ‘consumer assets’

ABC online

Australia’s energy market operator, AEMO, is warning of power shortages in NSW, Victoria and South Australia in the coming years, as key energy projects fall behind schedule. Its latest report calls for urgent investment and coordination of smaller-scale energy projects to shore up the grid’s reliability. Energy analysts say rooftop solar and household batteries will be crucial in keeping the lights on. Read more
CEF in the media  |  May 22, 2024

Three states at risk of blackouts in coming years, but there’s a solution within reach

9DashLine

Tim Buckley, an energy analyst and director of Climate Energy Finance, labelled AEMO’s forecast “exceptionally disappointing” for NSW. “The real reliability gap here is the failure of authorities to accelerate the rollout of renewable energy, transmission and grid connections needed to ensure cheap and reliable energy to consumers statewide,” he said. Read more
CEF in the media  |  May 22, 2024

Podcast: Federal Budget, Climate Week, clean energy and the case for a price on carbon

FS Sustainability

n this episode of The Greener Way, we hear from Tim Buckley, founder and director of Climate Energy Finance, a public interest pro bono think tank that produces research and analysis on accelerating the global energy transition. Read more
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