Media

Tim Buckley says the federal government’s marginal budget reforms to the PRRT are a massive missed opportunity: “Those deductions that don’t get allowed this year just get delayed,” Buckley said. “It’s absolutely a pull forward … it might be no increase at all” in total revenue. Read more

Tim Buckley previews the Federal Budget, including mooted PRRT reforms, and calls for a fiscal approach that responds to the scale and challenge of the energy transition and global policy developments, including the game-changing trillion dollar Inflation Reduction Act in the US. Read more

Tim Buckley says the national Net Zero Authority is a key piece of policy and administration architecture to support and accelerate Australia’s decarbonisation pathway while looking after workers’ and communities’ interests. Read more

Tim Buckley says a national transition authority is exactly what Australia needs to ensure the national interest is at the heart of energy and climate policy framework. Read more

Tim Buckley: “The national transition authority will be really important in ensuring Australia’s workforce and communities are best placed to pivot from the fossil fuel focussed industries from the past to the clean energy and critical minerals and value adding opportunities of the future.” Read more

As the cost and timeline of Australia’s biggest renewable energy project, Snowy Hydro, blows out further, Tim Buckley says long duration storage is a critical part of enduring grid reliability. As we see a massive boom in battery installs for short to medium duration storage, absent Snowy Hydro we are going to have to find other solutions to meet our long duration storage needs. Read more

What’s happening in the global lithium space? Climate Energy Finance director Tim Buckley explains in detail, including the growing geo-political interest in processed lithium. He affirms growth trends for lithium suppliers and producers, despite short term price weakness. Read more

The international Carbon Herald reports on CEF’s independent modelling that shows production major Woodside Energy and its partners may have to pay a carbon bill of up to A$63 billion from their gas fields by 2050 following the latest Safeguard Mechanism reforms, with Tim Buckley noting that “this is a clear commercial signal for Woodside to invest in decarbonisation.” Read more

Glen Walker head of advocacy and strategy for Greenpeace Australia Pacific responds to the address at the National Press Club yesterday by the Woodside Energy CEO Meg O’Neill. 49% of Woodside shareholders last year voted against the climate report, with the board and leadership completely dropping the ball on addressing climate change and managing climate risk. Glenn cites the CEF report, which quantifies a $63 billion Safeguard liability for Woodside’s gas projects. Read more

Carbon Pulse reports on CEF’s new analysis which finds Woodside will face a massive Safeguard liability if it fails to decarbonise. Read more

The scale of getting Australia to reach net zero emissions by 2050 is colossal. A new report says Australia’s electricity grid will need to triple in size and trillions of dollars will need to be spent, and gas-fired generation capacity will need to double in the coming decades, if the lights are to stay on Read more

Melbourne, Queensland and Princeton University researchers from the Net Zero Project say gas-fired power capacity will be required for some time yet. However, CEF’s Tim Buckley says gas-fired capacity and output should not be confused. There will be a progressive shift from gas base-load power generation to gas peakers to enhance reliability as the transition to renewables and battery storage accelerates. Read more