Media

A profound investment surge in renewables, heat pump, batteries and EV manufacturing capacity globally is underway, with annual global manufacturing capacities of each due to double every 24 months at the current run rate, Tim Buckley of Climate Energy Finance (CEF) told MWM. Read more

Tim Buckley welcomes the NSW government to legislate climate change targets, he argues that throwing hundreds of millions of dollars at Eraring power station is the wrong decision, and the environment can’t afford the delay of the closure of Eraring. Read more

Tim Buckley, discussed Australia’s energy landscape. Tim highlights the impact of climate change on the energy sector and the need for a balanced approach to address energy, cost of living, and climate crises. He also explains the potential benefits of projects like the Marinus Link and provides insight into wholesale power prices and their potential impact on retail prices in Tasmania. Read more

The Manly Daily reports meteorologists are predicting a hot, dry summer over the 2023-24 season, with a significantly increased risk of bushfires. A Northern Beaches community forum, with a panel of experts to discuss the implications and how to prepare and respond will be hosted by Mackellar MP Dr Sophie Scamps, and feature Tim Buckley, Greg Mullins, former Commissioner of Fire and Rescue NSW (FRNSW) and Dr Simon Bradshaw, author and Research Director at the Climate Council independent research charity. Read more

As Elizabeth Thurbon et al write in The Lowy Interpreter, the Australian Renewable Industry Package is a $100 billion, ten-year green energy transition package proposed by a coalition of groups including Climate Energy Finance, the Smart Energy Council, and the Australian Council of Trade Unions. This was no knee-jerk or panicked effort, but a considered view on a proportionate Australian response to the US Inflation Reduction Act (IRA) – a $520 billion bipartisan bid to secure US dominance in the high-wage, high-tech green industries of the future. The IRA is now sucking a good deal of green energy investment away from Australia, requiring a policy response from Canberra commensurate with Australia’s generational opportunity. Read more

As Comms Declare exposes PR firms involved in greenwashing fossil fuels, Tim Buckley notes Australia’s profit margin from exporting $240 billion in fossil fuels in 2022 had resulted in more money than ever to “fund their lobbying efforts to delay climate action and protect their profits”. Read more

In a beat up on the “failures” of energy transition reporting by the ABC and SMH, The Australian notes that the ABC AM program interviewed CEF’s Tim Buckley on Climate Energy Finance’s call for $100bn in government investment in renewables and critical minerals such as copper and lithium, and for the Future Fund to become an equity holder in renewables projects. Read more

Climate Energy Finance Founder, Tim Buckley, said that the package would re-industrialise the state and provide thousands of job opportunities for Australians. “A $100 billion package will help re-industrialise the nation, create hundreds of thousands of jobs, diversify our export base and revenue streams as well as increase local value-added production, secure supply chains and develop sovereign manufacturing capabilities. Read more

The Biden administration’s package includes generous tax incentives for clean energy and other key technologies and has triggered a global investment race. The alliance – including the Australian Council of Trade Unions, the Australian Conservation Foundation, Climate Energy Finance and the Smart Energy Council – is calling for a $100 billion sum over 10 years. Read more

CEF joined The call for a ten-year $100 billion Australian Renewables Industry Package to respond to the US IRA, endorsed by partners including the Australian Conservation Foundation, Australian Council of Trade Unions, Climate Action Network Australia, First Nations Clean Energy Network, New Energy Nexus, Rewiring Australia and the Smart Energy Council. Read more

Climate analyst Tim Buckley said the EPA “courageously” attempted to tackle the climate challenge when there was a policy vacuum at a national level. He said withdrawal of the guidelines meant there had been four years of inaction with the federal government only just implementing an effective safeguard mechanism, when in reality the original policy wouldn’t have cost the industry much at all to comply with. “The burden on the industry is nothing compared to the profits the industry makes,” Mr Buckley said. Read more

Tim Buckley has a menu of “no regrets” investments in renewables that NSW Energy Minister Sharpe and the Treasurer Mookhey should consider regardless of Eraring. They include: backing with front-loaded finance and accelerated planning approvals 1200MW of utility scale renewables and 1200MW of distributed (customer-owned) renewables each year until 2030; accelerating the rollout of rooftop solar and batteries in public housing and schools across NSW; accelerating the frequency and ambition of Renewable Energy Zones auctions; cajoling NSW transmission and distribution companies to use tech company Neara to identify existing spare grid capacity for new renewables to be plugged in (it reckons there’s room for 10,000MW); and accelerating electrification for rentals and behind-the-meter batteries. Read more