Media

This last weekend, US President Biden and PM Albanese agreed a landmark compact for bilateral cooperation on climate and energy, which will massively boost inbound investment and elevate Australia’s potential to lead the world in production of value-added critical minerals, green hydrogen and materials key to the energy transition, as Tim Buckley explains. Read more

In this story across multiple mastheads via AAP, Tim Buckley said the idea, promoted by Resources Minister Madeleine King at the APPEA Summit, that Australia could reach net zero emissions and help our trade partners reach net zero by investing in new gas projects was “ludicrous”. He said it was positive further taxpayer-funded subsidies were not being offered for carbon capture and storage projects, with the government instead saying the polluter must pay. Read more

Tim Buckley on the budget’s support for the Capacity Investment Mechanism replacing the LNP’s Coalkeeper: ““With the inevitable acceleration of coal-fired power plant closures, and the ongoing delays to the Snowy 2.0 pumped hydro storage project, this will play a critical role of crowding-in private capital for accelerated battery storage investments to complement the rapid renewable energy capacity buildout of the states-led renewable energy zones.” Read more

Tim Buckley in an extended interview on the budget, reflecting on the tokenistic changes to the PRRT that fail to adequately tax LNG exporters’ superprofits, the critically important establishment of the Net Zero Authority, much-needed energy bill relief measures and more. Read more

Tim Buckley: “$4 billion in new funding to make Australia a renewable energy superpower, takes total funding to $40 billion including the previously announced programs,” but this is well below the cumulative $100 billion of public capital Climate Energy Finance considers is required to crowd-in $200-300 billion of private capital investment to position Australia as a global leader in energy transition and ensure our energy security and independence.” Read more

Our detailed Federal Budget 2023 wrap: we find that overall it’s sensible and measured, with serious attention to fiscal repair and capacity building. The energy bill relief is essential, there is strong decarbonisation progress – including the Net Zero Authority, $2bn for green hydrogen and home and business electrification packages – but more funding is needed to supercharge the transition. The marginal reforms to the PRRT are a case of serious policy underreach, and the lack of attention to corporate tax and diesel rebate reform are disappointing. Read more

Tim Buckley in an extensive interview on AusBiz discusses the good, the bad and the ugly in the 2023/24 Federal Budget Read more

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