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OP ED | A circuit breaker to give us clear air on heated wind debate
The Newcastle Herald
The transition of Australia’s energy system will simply not happen without diversified supply: offshore wind projects are an important component now available for our future energy system. Climate Capital Forum member and experienced wind energy executive, Naomi Campbell, outlines the extensive feasibility process involved and the opportunity for community engagement.
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OP ED | Once again the Coalition is trying to wreck the joint rather than save it
The Sydney Morning Herald
As Tim Buckley and Annemarie Jonson write, the Coalition’s Luddites are at it again, doing what they do best – wrecking the joint as they try to blow up the renewables transition. Meanwhile, investment in the clean energy that will solve the climate crisis and deliver permanent energy bill relief to consumers is skyrocketing
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BlueScope ‘old’ blast furnace grant slammed by experts
The Australian Financial Review
Climate and energy experts criticised a $137 million federal grant to BlueScope Steel for a $1.15 billion upgrade of its Port Kembla blast furnace – extending coal-based steelmaking for two decades – as a missed chance to spur more ambitious carbon reductions.
The Climate Capital Forum, which represents investors, decarbonisation firms and policy experts, said that “while Australia procrastinates, developed world leaders are pivoting”.
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Shock at call for moratorium on ‘reckless renewables’
AAP
Blair Palese, Founder, Climate Capital Forum comments on the Coalition’s campaign to suspend investment in decarbonisation , calling it “reckless and short sighted”.
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The Future Fund already invests in Australia. Could it be asked to do more?
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Lachlan Maddock, Editor of Investor Strategy News points to Climate Capital Forum’s proposal in its pre-budget submission for the Future Fund to include a “strategic national interest objective”.
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BlueScope receives funding for lower emissions project
FS Sustainability
Climate Capital Forum founder Blair Palese comments on federal government grant to Bluescope Steel for work to reline existing arc furnace in Port Kembla through Critical Inputs to Clean Energy Industries program.
“There is no time left for federal government support for anything except strategies to fully decarbonise as global demand for net-zero materials grows exponentially,” she said.
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BlueScope ‘old’ blast furnace grant slammed by experts
The Australian Financial Review
Blair Palese, Climate Capital Forum founder criticises a $137 million federal grant to BlueScope Steel for a $1.15 billion upgrade of its Port Kembla blast furnace. “We need policy vision and ambition that encourages this transition,
not more support for existing emission-intensive industries.”
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Green Steel Supply Chains are Australia’s Top Decarbonisation Opportunity
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Allocating taxpayer monies to support BlueScope Steel to invest $1bn to lock in high emissions blast furnace technology for the next 20 years is a missed opportunity according to Climate Capital Forum. Much stronger incentives are urgently needed to reduce – not support new – fossil fuel powered
production.
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OP ED | Wind shapes as valuable piece in modern energy jigsaw
The Newcastle Herald
Offshore wind offers an option to supply large, stable electricity for major energy consumers and regional employers, making it a valuable component, particularly as we move to and beyond 82 per cent renewables. It also can help reframe, power and rebuild Australian regional communities, giving people a say through public consultation, partnering with First Nations, and different ways of asset ownership. Wind executive and Climate Capital Forum member Satya Tanner and CCF strategic comms lead Amanda Caldwell explain.
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A game changer: Renewable energy targeted to triple by 2030
AusBiz
Tim Buckley of Climate Energy Finance reflects on the commitment by 118 countries to treble their renewable energy and double their energy efficiency by 2030, set out at COP28 summit. He points out that while this ambitious goal is set, much hinges on which year gets used as the baseline. Tim emphasises China’s efforts in increasing their installation rates of wind and solar energy solutions. He sees this pledge as a potential turning point.
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Investors want Origin Energy to consider green push, asset sale post takeover failure
Reuters
A capital recycling partnership with AustralianSuper or another pension fund where Origin built projects and then sold stakes after completion could allow 15 GW worth of projects over the next decade if combined with a dividend reinvestment plan underwritten by a big fund, according to Tim Buckley, a director at think tank Climate Energy Finance.
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VIDEO: Australia moves a step closer to cleaner, greener, brighter future
AusBiz
Tim Buckley, Director of Climate Energy Finance expresses his approval of Energy Federal Minister Chris Bowen’s decision to expand the capacity investment scheme, describing it as a major shift in ambition. He highlights the issue of foreign takeovers of Australian energy companies by firms based in tax havens, viewing this as a loss for taxpayers. However, he points out that companies such as Brookfield’s willingness to invest substantial amounts in renewable energy potentially outweighs this concern.
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