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Energy crisis

CEF in the media  |  Feb 28, 2023

Why You Shouldn’t Wait for Cheaper Solar Panels in 2023

Energy Matters

Tim Buckley forecasts a 10 per cent annual module price reduction over the next decade, with his confidence is driven by the increase in the production capacity of PVs in China, which will likely triple by the end of this year. Read more
CEF in the media  |  Feb 22, 2023

OP ED | Safeguard mechanism needs work but is still a win

Canberra Times

While the federal government’s safeguard mechanism reform is flawed – in particular, offsets should be strictly limited – it does provide the policy architecture for a high permanent price on carbon – essential to driving decarbonisation, alongside the suite of policy initiatives designed to accelerate the energy transition. After 10 years of LNP failure, this is a massive win. Read more
CEF in the media  |  Feb 21, 2023

OP ED | Grid operator needs to dial in EVs to support huge pipeline of wind, solar and storage

Renew Economy

AEMO’s electricity opportunities update today confirms significant progress on grid decarbonisation in the last 6 months – with a staggering 209GW of new firmed renewables worth > A$250 billion in the pipeline – coupled with the urgent need for accelerating investment in generation, long-duration storage and transmission to ensure supply over the next decade. The acceleration of long delayed deployment of EVs and charging networks also means it’s time for AEMO to start modelling EV-to-grid charging opportunities. With ~20 million EVs in Australia within two decades, this equates to a collective new asset base of 800 gigawatt hours of batteries. Read more
CEF in the media  |  Feb 21, 2023

Electricity shortages predicted from 2027, with threats of blackouts on east coast

Channel 9 News

Tim Buckley comments on today’s release by the Australian Energy Market Operator of its electricity market update, noting there has been significant progress on decarbonising the energy grid in the past six months, with a 209 gigawatt pipeline of new firmed renewables proposals worth over $250 billion, highlighting the massive regional employment and investment opportunities from decarbonisation – but also observing the urgent need for further capacity investment to offset exiting fossil fuels. Read more
CEF in the media  |  Feb 16, 2023

Bowen says no to coal and gas ban, yes to more “sensible” discussions with Greens

Renew Economy

Tim Buckley comments as the Greens decline to support federal Safeguard Mechanism reforms unless the government commits to banning new coal and gas: while “any argument that Australia needs new coal and gas supplies is pure fossil fuel spin” there is a need for a well regulated carbon market, complete with high quality offsets. “People are underestimating the financial benefit of getting a high, regulated price on carbon into the Australian economy. That is a massive win.” Read more
CEF in the media  |  Feb 13, 2023

Carbon Counter: Big oils’ profits see return to “core business”

ABC Radio National Drive

The world’s five biggest oil companies: BP, Chevron, ExxonMobil, Shell and Total Energies; collectively made almost USD $200 Billion in profits last year. Tim Buckley breaks down this extraordinary profiteering for RN Drive Read more
CEF in the media  |  Feb 1, 2023

Our climate challenge is our greatest opportunity: So how do we get it right?

Renew Economy

The newly formed Climate Capital Forum – a coalition of financial experts, investors, philanthropists, industry bodies and NGOs – this week launched a policy roadmap detailing bold reforms to position Australia as a superpower in zero-emissions trade and investment. Tim Buckley outlines the key policy asks. Read more
CEF in the media  |  Jan 30, 2023

Greens warn the government that a fight is looming over energy policy

Sydney Morning Herald

Tim Buckley comments on the launch of the Climate Capital Forum’s federal energy roadmap today, which urges a comprehensive program of policy reform to ensure Australia acts rapidly on its world-leading opportunities to transition its economy and trade to new, clean energy industries: “The biggest issue Australia is going to face is we exported $200 billion of fossil fuels last year, and when the world delivers on the climate science that $200 billion is going to go close to zero very quickly.” Read more
CEF in the media  |  Jan 30, 2023

Clean energy investment roadmap unveiled

Sky News

Tim Buckley discusses the new Climate Capital Forum’s federal policy roadmap released today, with Kieran Gilbert on Sky Afternoon Agenda, outlining the exceptional opportunities Australia has to position itself as a global zero-emissions trade and investment superpower, transforming our economy as we act on climate. Read more
CEF in the media  |  Jan 25, 2023

OP ED | AEMO report confirms wind and solar best cure for fossil fuel hyper-inflation

Renew Economy

Tim Buckley writes that fossil fuels sank to their lowest-ever levels across Australia’s east-coast electricity mix in the final three months of 2022 as renewable energy overtook black coal for the first time in the history of the grid. Renewables hit a record high, providing on average 40.4% of the grid’s supply during 4Q2022. Read more
CEF in the media  |  Jan 25, 2023

Power bill relief may take months

ABC Radio National The World Today

Tim Buckley comments on the AEMO Quarterly Energy Dynamics report for Q4 2022 which shows prices on the electricity futures market more than halved in the final three months of 2022 after the government intervention, as renewables set new records He notes coal and gas are in structural terminal decline, and the energy disruptions and hyperinflation of 2022 have highlighted the imperative to move to renewables as the solution. Read more
CEF in the media  |  Jan 25, 2023

Signs of reprieve from soaring power bills

ABC Radio National AM

Tim Buckley reflects on AEMO’s Quarterly Energy Dynamics report for Q4 2022. While rampant hyperinflation of fossil fuels caused mass disruption in 2022, the underlying trends are clear – and the burgeoning of renewables and decline of coal and gas in the grid ultimately spell permanent price relief. Read more

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