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Media

Green Iron/Steel

CEF in the media  |  Mar 28, 2025

INTERVIEW | Australia’s Budget Focus talk with ausbiz

AusBiz

The Australian budget was seen as sensible but incremental, without major structural changes. It focuses on cost-of-living relief, such as bulk billing and personal tax cuts. However, there were no new initiatives on decarbonization, despite previous investments like the Clean Iron and Green Aluminium funds. There is a need for Australia to pivot towards onshore manufacturing and value-adding exports, especially in green iron. The climate industry needs stronger support, with a bigger push for local content and supply chain capacity. There’s hope for continued progress in renewable energy and electrification to meet decarbonization targets by 2030. Read more
CEF in the media  |  Feb 25, 2025

INTERVIEW | Whyalla Steel Works discussion with Spark Club Podcast

Spark Club Podcast

Tim shared some good news from Canberra with the Climate Capital Forum, joining a delegation to meet with upper and lower house politicians across the spectrum and spread a positive message on the need for the energy transition and reindustrialisation. Read more
CEF in the media  |  Feb 25, 2025

Green iron fund will lay foundations for Australia to become renewable energy superpower

Renew Economy

Building on the federal government’s $2 billiion Aluminium Production Tax Credit announcement to decarbonise the energy demand of the nation’s aluminium smelters – the largest source of emissions in the aluminium supply chain – the $1bn Green Iron Investment Fund leverages strategic public capital to crowd in private investment into value-added green iron projects. Comparatively, iron is the largest source of emissions in the steel value chain, with blast furnaces accounting for up to 87% of traditional, coal-based steel emissions. Read more
CEF in the media  |  Feb 20, 2025

RADIO INTERVIEW | Tim Buckley on Illawarra Breakfast

ABC Illawarra

Tim Buckley from Climate Energy Finance joined Melinda James this morning on Illawarra Breakfast on ABC Illawarra to discuss the latest developments in the steel industry and green energy. Tune in for insights! Tim’s exclusive interview can be heard at this link from 2:15:00 to 2:23:35” Read more
CEF in the media  |  Feb 18, 2025

Green steel needs incentives to work and Japan has a plan

Reuters

Under the plan, METI will evaluate submissions by automakers on their low-emission steel procurement and allocate subsidies based on the percentage of green steel being used, according to Matt Pollard, an analyst at clean energy consultancy Climate Energy Finance. “In the broader context, it is important for METI to publicly release the carbon accounting methodologies, green product definitions and emission thresholds it will use to determine products and producers that will benefit from the models approved under the new subsidy scheme,” Pollard said. Put simply, how all this works is likely to determine whether it is actually successful. Read more
CEF in the media  |  Nov 28, 2024

Rio Tinto sacks 40 employees from West Angelas near Newman, in Western Australia’s Pilbara region

News Corp papers

Australia could miss out on $70 billion a year in export revenue if it does not pivot quickly enough to “green iron” as countries like China decarbonise their supply chains, a new report claims. By becoming a world leader in green iron, Australia could double its export revenue to $250 billion, according to the Climate Energy Finance (CEF) think tank. Read more
CEF in the media  |  Nov 26, 2024

Mining Weekly | IMARC 2024: Australia’s green industry aims on a knife’s edge

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What does a green superpower look like? A certain command and control economy to Australia’s north is the model despite its many current flaws. “China is moving a million times faster than we are,” CEO of Climate Energy Finance, Tim Buckley, said. “China installs 24 gigawatts of wind and solar every month. That’s what they did last month. That’s what they’ve done on average in the last 20 months. We do about six gigs a year. “So they do in one week what we take a year to do. “The idea that we’re the superpower is a delusion. “We’re in a race and we’re not winning it. “But we do have the potential to be a renewable energy superpower and mining is going to be how we get that.” Read more
CEF in the media  |  Nov 19, 2024

Australia could miss out on $70 billion ‘green iron’ rush, report claims

News Corp papers

Australia could miss out on $70 billion a year in export revenue if it does not pivot quickly enough “green iron” as countries like China decarbonise their supply chains, a new report claims. By becoming a world leader in green iron, Australia could double its export revenue to $250 billion, according to the Climate Energy Finance (CEF) think tank. “However, failure to overcome the technical and economic challenges of green iron would mean Australia risks the reality that our iron exports could halve, as traditional importers restructure and decarbonise supply chains, and prioritise regions of high-quality iron ore and low-cost ironmaking,” CEF said in its report. Read more
CEF in the media  |  Nov 17, 2024

Australia could be a green iron superpower but needs to get into the race

Sky News

Tim Buckley on Jaynie Seal’s Sky Weekend Live covers CEF’s new report on forging an Australian green iron industry, Read more
CEF in the media  |  Nov 17, 2024

Economic ‘tsunami’ threatening to overwhelm Australia after Donald Trump’s election win

News Corp papers

Trump has expressed his determination to roll back President Joe Biden’s push to accelerate the US economy’s transition to low-emissions technology. And that may leave a green iron and green steel hole in global trade that Australia can step into. “Potentially, the emerging market could add $250 billion each year to national revenue. If we don’t capitalise on it, a new report from Climate Energy Finance states the nation could face a $69 billion budget black hole. “This is brilliant for Australia, and if we don’t do it, we’re going to look like absolute morons in a decade’s time with Oman, Saudi Arabia, Brazil and Guinea having eaten our lunch,” report co-author Tim Buckley said. Read more
CEF in the media  |  Nov 16, 2024

OP ED | Urgent case for statecraft on green iron and steel to secure Australia’s future prosperity

Pearls & Irritations

Prof Elizabeth Thurbon writes on CEF’s green iron report and the immense strategic opportunity for Australia in establishing a green iron and steel industry Read more
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