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Energy crisis

CEF in the media  |  Nov 3, 2024

Big Battery Bonanza

PV Magazine

Tim Buckley said: “There’s been such a dramatic rate of technological improvement with batteries, coupled with scaling up, that any advantage other technologies may have had, to meet the evening demand peak, from five to six years ago is gone,” he said. “Batteries will do a huge amount more heavy lifting than even thought a few years ago.” Read more
CEF in the media  |  Oct 28, 2024

Electrification is saving the grid from mass defections

Renew Economy

Tim Buckley comments that “although networks across the country are “antagonising” Australians by creating “sun taxes”, a fee to export rooftop solar power into the grid during peak periods, the cost is still immaterial compared to the savings people get from their rooftops. “That antagonism and mistrust and misinformation is an issue,” he says. “But the real one is when you put rooftop solar in, your electricity use goes down by 50 per cent, so how does the grid operator maintain their compensation? The answer is increasing their charges. If you put a battery in as well, your grid use goes down by 90 per cent, so your retailer’s and transmission operator’s revenue goes down by 90 per cent. “In one respect the electrification trend is a perfect counter to that [because AEMO forecasts electricity use will rise by 30 per cent in the coming decade].” Read more
CEF in the media  |  Oct 17, 2024

Australia’s clean power growth tops global leaderboard

PV Magazine

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
CEF in the media  |  Oct 16, 2024

PODCAST | China, India and Australia 2024 Update

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Tim Buckley on the Energy Transition Show podcast on China’s stunning transition and decarbonisation progress in Australia and India: Read more
CEF in the media  |  Oct 15, 2024

Australia’s energy market briefly reaches ~74% renewables

ABC Radio

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
CEF in the media  |  Oct 15, 2024

VIDEO | Tim Buckley on ABC TV News Breakfast re Australia’s renewables surge

ABC TV News Channel

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
CEF in the media  |  Oct 13, 2024

VIDEO | Tim Buckley discusses Green Capital Tsunami report on Sky News

Sky News

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
CEF in the media  |  Oct 11, 2024

Australia on track to add 53 GW of renewable capacity by 2030: report

PV Magazine

The International Energy Agency’s Renewables 2024 report has forecast Australia will add 53 GW of renewable capacity between 2024-2030, with a nearly 65% share being from a mix of utility, rooftop and green hydogen production solar. Independent think tank Climate Energy Finance Director Tim Buckley said the IEA now models a continued increase in global renewables deployments to 940 GW annually by 2030, a 70% increase in the record of 2023. “This shows a global ‘bending of the curve’, very overdue in light of the climate science, but a deployment rate considered impossible only a few years ago,” Read more
CEF in the media  |  Oct 10, 2024

Global shift to renewables has quickened, but still not fast enough to meet crucial climate goals

Renew Economy

Tim Buckley responds to the IEA Renewables 2024 report: “Thanks largely to China, we now have the global cleantech manufacturing capacity to accelerate deployments of renewables significantly to achieve the goal set at last year’s UN Climate Conference to treble renewables to 2030. The massive deflation of prices for renewables technologies and the drive for energy security both favour accelerating investment as the world looks to mitigate the escalating climate crisis of climate change.” Read more
CEF in the media  |  Oct 2, 2024

OP ED | Riding China’s green capital tsunami to harness cleaner future for Australia

PV Magazine

As the world races to decarbonise, China is leading the way. It committed more than $145 billion (USD 100 billion) in outbound foreign direct investment since 2023 across decarbonisation sectors including solar, wind, batteries, grid, new energy vehicles, hydro and green hydrogen. Yet, as the momentum of China’s green capital tsunami accelerates, Australia finds itself at a critical juncture: will we ride this wave, or be left behind? Read more
CEF in the media  |  Sep 27, 2024

VIDEO | Tim Buckley on nuclear

ABC TV The Business

Tim told Alicia Barry on ABC TV’s Close of Business that Peter Dutton’s detail free nuclear power plan is costly, a waste of taxpayer’s money, and will delay Australia’s energy transition by 20 years. Read more
CEF in the media  |  Sep 22, 2024

VIDEO | Tim Buckley on SkyNews re the LNP’s nuclear ‘policy’

Sky News

Tim Buckley accurately predicts no new details in costings or any other aspect of the LNP’s nuclear ‘policy’ were revealed in Peter Dutton’s speech to CEDA the day after this interview. The LNP nuclear thought bubble remains unviable – too costly, impractical and decades too late for Australian decabonisation. Read more
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