Media

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

Tim Buckley comments on the new CEIG report which says private capital investment of over $420bn is needed to decarbonise the NEM in line with 1.5 degrees. The scenario is ambitious but credible, said Tim Buckley”, “the global landscape has changed so fundamentally in the last 9 months, the Australian landscape has changed with new government, such that we now have state and federal alignment but also at the global level, and the US Inflation Reduction Act is a global gamechanger.” Read more

Reflecting on CEIG’s Decarbonising the NEM report, “Tim Buckley said financial resources were already at hand to but investors needed lawmakers to create confidence so they could plan. ‘We now need the right policy aspiration to unlock already existing technology solutions and leverage our transformative, once in a hundred year decarbonisation investment opportunity’. Read more

Citing Tim Buckley’s commentary on Adani Group, Himal Southasia magazine panellists look at the conglomerate’s long reach – from energy to transport and logistics, from India to Sri Lanka and Bangladesh and Myanmar – which says as much about the conglomerate as it does about power, politics and diplomacy in the region. Read more

The Australian Government long ago identified green hydrogen as a major export opportunity but recent global developments could send the industry from hero to zero – a fact widely acknowledged by the industry’s leaders. A decade of investment is at stake. Read more

Demolition will represent the end of an era in the Hunter region. The power station’s closure also holds great national significance as a blueprint to what the future could hold for Australia’s remaining 18 coal-fired power stations. Read more