Media

The International Energy Agency’s Renewables 2024 report has forecast Australia will add 53 GW of renewable capacity between 2024-2030, with a nearly 65% share being from a mix of utility, rooftop and green hydogen production solar. Independent think tank Climate Energy Finance Director Tim Buckley said the IEA now models a continued increase in global renewables deployments to 940 GW annually by 2030, a 70% increase in the record of 2023. “This shows a global ‘bending of the curve’, very overdue in light of the climate science, but a deployment rate considered impossible only a few years ago,” Read more

Tim Buckley responds to the IEA Renewables 2024 report: “Thanks largely to China, we now have the global cleantech manufacturing capacity to accelerate deployments of renewables significantly to achieve the goal set at last year’s UN Climate Conference to treble renewables to 2030. The massive deflation of prices for renewables technologies and the drive for energy security both favour accelerating investment as the world looks to mitigate the escalating climate crisis of climate change.” Read more

The global dynamic in the energy transition focuses on Australia, Europe or the US, with occasional reference to China. The capacity and deployment stats coming out of China are staggering, and not well reported. Read more

As the world races to decarbonise, China is leading the way. It committed more than $145 billion (USD 100 billion) in outbound foreign direct investment since 2023 across decarbonisation sectors including solar, wind, batteries, grid, new energy vehicles, hydro and green hydrogen. Yet, as the momentum of China’s green capital tsunami accelerates, Australia finds itself at a critical juncture: will we ride this wave, or be left behind? Read more

Tim told Alicia Barry on ABC TV’s Close of Business that Peter Dutton’s detail free nuclear power plan is costly, a waste of taxpayer’s money, and will delay Australia’s energy transition by 20 years. Read more

Tim Buckley accurately predicts no new details in costings or any other aspect of the LNP’s nuclear ‘policy’ were revealed in Peter Dutton’s speech to CEDA the day after this interview. The LNP nuclear thought bubble remains unviable – too costly, impractical and decades too late for Australian decabonisation. Read more

Energy analysts, including Tim Buckley, say Origin needs to reveal how it will remain a major generator of power if it is to meet a customer book totalling about 4.5 million people. Read more

As Tim Buckley and AM Jonson write the record high of low-cost wind and solar in the grid comes as we are still waiting for the Coalition’s budget projections on its plan to nationalise the eye-watering cost of seven nuclear plants. Read more

The Australian Energy Market Operator (AEMO) has released its latest Electricity Statement of Opportunities (ESOO), painting an optimistic picture of Australia’s energy future. The report suggests that with continued investment in new renewable and storage projects, the nation can successfully transition beyond coal-fired power generation. Tim Buckley, Director of Climate Energy Finance, highlighted that AEMO’s forecasts show power supply reliability can be maintained over most of the next 10 years, provided that established programs and initiatives are delivered on time. Read more

Tim Buckley speaks on ABC Victoria Radio on AEMO’s 2024 ESOO and continued investment into renewable energy to ensure a stable and secure electricity grid. Read more

Tim Buckley speaks with Sky News on transitioning our economy away from fossil fuels that Australia has had a historical over reliance on, and into zero emissions technology, as Prime Minister Anthony Albanese visit to the Pacific and the urgent need to end coal and gas. Tim also speaks on massive profitability of Australia’s iron ore majors, and the lack of urgency from Australia’s corporates to address the climate emergency. Read more

Liddell Power Station in Australia’s Hunter Valley burned through coal for five decades before closing last year. Opposition leader Peter Dutton now wants Liddell to be reborn as something banned in the country for a quarter of a century: a nuclear power plant. Tim Buckley, director of the Climate Energy Finance think-tank, said the opposition’s proposals would displace private capital with a “communist-style policy” requiring more than A$100bn of public funds. “It is not impossible, but it is financially illogical,” said Buckley, who questioned the move’s political motivations ahead of an election. “This is not nuclear versus renewables. This is about extending the climate wars.” Read more