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“Australia is never going to be able to compete on our own against the Chinese, the robotics, the artificial intelligence, the scale of their manufacturing, their phenomenal investments in research and development, all of that says we’ll never catch them,” says Tim Buckley. “But we don’t have to catch them; we can partner with them”. Read more

As China’s construction slump and steel glut bite, the chairman of government-owned China Baowu Group, the world’s largest steelmaker, has warned China’s steel sector will enter a “severe winter” more challenging than even the major downturns experienced during the GFC of 2008. This spells trouble for iron ore. Australia is the world’s largest iron ore exporter, and it is our number one commodity export, with over 80% going to China. The benchmark iron ore price has fallen below $US100/tonne, while prices for metallurgical coal used in steelmaking have dropped by a third to US$202/t in just 2 months. Read more

CWP Global has revealed that the BP-majority owned 26GW Australian Renewable Energy Hub Project (AREH), located in the iron-ore rich Pilbara region of Western Australia, has had its Major Project Status renewed by the Australian government. Critical to the success of the project will be federal and WA government support for Pilbara Green Link transmission lines to enable the mining sector’s best use of one of the most scaleable renewable energy resources anywhere in the country, CWP added. A recent report by Climate Energy Finance estimates that Australia has the potential to double the value of its annual iron exports to AUS$250bn. Read more

Australian think tank Climate Energy Finance (CEF) published a report on how accelerating the electrification and decarbonisation of the Pilbara region would help the country achieve its green export goals. Called “Superpowering-Up,” the report was written by Matt Pollard, net-zero transformation analyst at CEF, and Tim Buckley, a director at the organisation. It was made available to the public on August 13. One of the report’s main findings is that single common-user grid infrastructure in the Pilbara area would be a key catalyst in speeding up decarbonisation in the region, which is the “engine room” of Australia’s resource sector. Read more

Tim Buckley, co-author of Climate Energy Finance’s SUPERPOWERING-UP report, speaks on WA radio channels broadcasted across Perth, Kimberley, Pilbara and regional areas, discussing the importance of accelerating decarbonisation to supply China with green iron as it increased its exports to Europe under the Carbon Border Adjustment Mechanism. Read more

Concerning the failure to decarbonise in Australia’s Pilbara region, Tim Buckley, Director of Climate Energy Finance Corporation highlights, the region’s enormous natural resources and potential for renewable energy. Despite this, he points out that the remoteness of the Pilbara — along with the lack of coordinated action from local major companies such as Rio Tinto (ASX: RIO), BHP (ASX: BHP), and others who have committed to their shareholders to decarbonise — impede progress in this space. For Buckley, the challenge lies in the lack of scale, lack of logistics, and lack of planning, which eventually result in challenges at a systems-level. Read more

Australian think tank Climate Energy Finance (CEF) has signaled that the mineral-rich region of Pilbara, Western Australia, needs rapid investment in its transmission network to ensure renewable energy, such as solar, can help drive decarbonisation. Indeed, the Superpowering-up: Accelerating the electrification & decarbonisation of the Pilbara report signals that just 2% of the region’s electricity needs are currently being met by renewable energy, with fragmented corporate energy production and grid transmission structures undermining progress. Read more

The report, SUPERPOWERING-UP: Accelerating the electrification and decarbonisation of the Pilbara, said a single common-user electricity grid infrastructure (CUI) is the critical key to decarbonising the region and reaping the economical benefits for Australia’s green transition. As stated in the report, a CUI would unlock up to $100b of new investment in renewables, battery firming and transmission, ensuring the Pilbara’s critical minerals, strategic metals and transition materials can be processed and value-added onshore using zero-emissions power. CEF director and co-author of the report Tim Buckley says now is the time to invest in new technology developments and renewable energy infrastructure. Read more

A new report named SUPERPOWERING-UP, finds that failure to electrify and decarbonise WA’s Pilbara region risks the potential for Australia to potentially double its iron exports to $250bn pa by producing green iron. Released today by Climate Energy Finance (CEF), the report urges Australia to make use of its biggest single future export opportunity that surrounds the Pilbara, the country’s resources engine room and the world’s biggest exporter of iron ore. “The Pilbara has a significant challenge in building out large-scale infrastructure such as the transmission grid and renewable energy capacity given its harsh conditions, isolated location and high-cost labour market,” said Lead author and CEF Net Zero Transformation Analyst, Matt Pollard. Read more

A critical new report by Climate Energy Finance (CEF) underscores the urgent need to electrify and decarbonise the Pilbara region, warning that Australia’s $250 billion future green iron industry is at risk if action is not taken immediately. Released today, the report titled SUPERPOWERING-UP reveals that without decisive steps to establish a common-user electricity grid infrastructure (CUI) in the Pilbara, Australia may miss out on its largest potential export opportunity. The report emphasises that the Pilbara’s transformation is key to doubling the nation’s iron exports by producing green iron, crucial for maintaining Australia’s position as a global economic leader in the resources sector. Read more

A new Climate Energy Finance (CEF) report puts common-user electricity grid infrastructure (CUI) at the heart of the decarbonisation of Australia’s lucrative iron ore ‘food bowl’ in the Western Australia Pilbara region. The report, called Superpowering-up, says the Pilbara currently sources 2% of its electricity from renewables, hindered by “fragmented corporate energy production and grid transmission structures’. It says mining majors such as BHP Iron Ore rely on burning 2.4 billion litres/year of subsidised, high emissions imported diesel and fossil gas for energy demand in the Pilbara. Read more

A new report released today by independent public interest think tank Climate Energy Finance (CEF), SUPERPOWERING-UP, with a foreword by former chief scientist Dr Alan Finkel, finds that failure to act now to electrify and decarbonise WA’s Pilbara region – Australia’s resources engine room and the world’s biggest exporter of iron ore – risks Australia’s biggest single future export opportunity: to potentially double our iron exports to $250bn pa by producing green iron. Read more