Media

Offshore wind can play a significant role in supporting our industrial and energy security needs. With its greater reliability and consistent supply, it can be an essential component of our future economic security through the Future Made in Australia Act. Leaders from Australia’s offshore wind sector and Climate Capital Forum members, Amy Boersma, Satya Tanner and Naomi Campbell comment on how effective and efficient planning processes, with the right checks and balances are key to project success. Read more

In fDi Intelligence, part of the FT, Tim Buckley reflects on the impacts of the US IRA and Australia’s Future Made in Australia Act: “We were increasingly hearing companies saying, ‘we’ll put our Australian decarbonisation project on hold, because the US government’s throwing hundreds of millions of dollars of subsidies at each project,” says Tim Buckley, founder of local think tank Climate Energy Finance. He points to local resources giant Fortescue last year pledging $550m towards a green hydrogen project in Arizona compared with $50m towards a green iron project in Australia. Climate Energy Finance is among industry bodies calling on the government to offer a total of A$100bn in green incentives to compete with the US. If the government is re-elected next year, Mr Buckley expects “significantly more money allocated” to FMIA.” Read more

Australia’s energy market operator, AEMO, is warning of power shortages in NSW, Victoria and South Australia in the coming years, as key energy projects fall behind schedule. Its latest report calls for urgent investment and coordination of smaller-scale energy projects to shore up the grid’s reliability. Energy analysts say rooftop solar and household batteries will be crucial in keeping the lights on. Read more

n this episode of The Greener Way, we hear from Tim Buckley, founder and director of Climate Energy Finance, a public interest pro bono think tank that produces research and analysis on accelerating the global energy transition. Read more

Xuyang Dong talked to Carbon Brief about CEF’s new report POWER SHIFT: China installed a record 293 gigawatts (GW) of wind and solar in 2023 – pushing its total capacity to 1,050GW, according to a new report. The report, published by Australia-based thinktank Climate Energy Finance, says that, if this rate of renewables growth is maintained, then China could reach its “dual carbon” climate goals earlier than planned. Read more

A new report by Australia-based thinktank Climate Energy Finance argues that China could reach its “dual carbon” climate goals earlier than planned. Xuyang Dong talked to Carbon Brief about the findings of the report, China’s coal power output will soon peak and decline – despite rising coal capacity – thanks to the rapid rise of clean energy sources. Read more

Tim Buckley reviews Treasurer Jim Chalmers’ Future Made in Australia Budget handed down this week, breaking down the key takeouts and what it means for Australia’s pathway to decarbonisation as the the energy transition accelerates globally. Read more

Tim Buckley on all the highlights of the 2024-25 Budget, which finally builds real momentum toward transitioning Australia to its future as a zero-emissions trade and investment leader. Read more

The opportunities are enormous for Australia, says Tim Buckley, a director at think-tank Climate Energy Finance in Sydney. “Australia has always been a lucky country. We are blessed. We supply half of the world’s iron ore and lithium. We also have the best wind and solar resources in the world,” he says. Potentially, Australia could not only export the raw minerals and materials needed for the green transition, but also do the value-added processing, Buckley suggests. However, that hinges on international collaboration with key partners, including China, which not only has the best technology when it comes to solar, but is also the biggest buyer of critical raw materials from Australia. “As the buyer, they want a lower price. We’ve got a disproportionate power relationship,” says Buckley. “China’s got the value-add. Australia needs to reset the bar.” Read more

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Tim Buckley, director of independent public interest think tank Climate Energy Finance, said the act would lay the foundations to make Australia a zero-emissions trade and investment leader and global clean energy “superpower”. About 27 percent of the Australian economic output came from exports to international partners and this new act would have flow-on effects and help them decarbonise as well, Buckley told AFP. “State intervention is the new competition. We can’t afford to ‘sit it out’. The Future Made In Australia Act puts Australia into the global race. It is the investment signal and de-risking private capital needs,” he said. Read more

Albanese’s Future Made in Australia Act is a much-needed signal to promote competition, resiliency, productivity, and attract capital, investors say. The new on-shore manufacturing laws give the green light for superannuation funds and other institutional investors to reach their billion-dollar climate funding targets, crowding in capital to the nation’s renewable economy. Tim Buckley, director of think tank Climate Energy Finance said the US’s IRA – and China’s response – “change everything”. Read more