Decarbonisation
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OP ED | Climate capital needs right policy settings to stem exodus
Last week’s announcement by AusSuper, Australia’s biggest super fund with over $300bn in assets under management, that it will dramatically upscale its investments offshore, including A$15.5bn into large-scale, long-term energy transition opportunities in the UK, should be a wake-up call to Australian energy policymakers. Read more
OP ED | Nuclear energy is not viable in Australia
As the LNP ramps up its campaign for nuclear energy in Australia, we write that the nuclear furphy deters renewable energy investor confidence & increases sovereign risk as it betrays the Australian people Read more
OP ED | Here we go again: Rooftop PV + SMRs + CCS the latest ploy in the Coalition’s ‘disrupt and delay’ handbook
Here we go again – the latest salvo from the climate laggards of the National Party designed to disrupt and delay Australia’s accelerating clean energy revolution. This time, it is couched in the tactically crafty but deeply cynical and flawed view that distributed renewables – minus utility-scale – are the solution to electricity grid decarbonisation. Read more
REPORT | Queensland’s Energy Transformation: From Coal Colossus to Renewable Energy Superpower
An analysis of Queensland’s current energy grid and its transition from FY24 to FY36, modelling the impacts of large-scale and distributed energy generation and storage to meet Queensland’s renewable energy and emissions reduction targets. Read more
New report finds epic failure of credible, capital-allocated corporate transition planning
While national standards and guidance are typically designed to cover minimum requirements, internationally-accepted climate integrity principles are a much higher standard and should be the goal. Read more
OP ED | Massive Victorian blackout a copybook illustration of need to build energy system resilience & accelerate transition to firmed renewables
Yesterday afternoon storms damaged power lines across Victoria taking all four generators at AGL’s massive end-of-life 2,210 megawatt (MW) coal-fired Loy Yang A power station offline as part of a cascading series of events, and with it 30% of the state’s power supply. This is a massive wake up call on the unreliability of ailing coal clunkers and the need to transition to firmed renewables. Read more
CEF Position Statement on Treasury’s Climate-related Financial Disclosure Exposure Draft Legislation
Climate Energy Finance applauds the Government’s move to establish common disclosure requirements for climate-related financial risks and opportunities for Australian companies. We applaud the draft legislation’s focus on materiality, substance and speed, rather than delay and perfection. We would welcome additional measures to ensure disclosures are underpinned by the principles of information completeness, cross-sector comparability and integrity. Read more
GUEST POST | Northern Beaches (Sydney) Indoor Sports Centre: A Case Study in Commercial and Industry (C&I) Rooftop Solar
Guest contributor Owen Evans breaks down a C&I solar project and the cost saving benefits. Read more
REPORT | CEF’s activities and impacts report July-Dec 2023
A full overview of our work and impacts across our program areas for the 6 months July-Dec 2023 Read more
MONTHLY CHINA ENERGY UPDATE | 2023 China Electricity Mix Yearly Review: Massive Decarbonisation Progress is Key Economic Stimulus
In 2023, China experienced a groundbreaking surge in renewable energy, installing 292.8GW of clean power, surpassing expectations. Solar capacity grew by an impressive 148%, with 216.9GW added, while wind power increased by 75.9GW. These achievements, constituting 52.4% of total installed capacity, drove China’s economic growth and decarbonising China’s job market. Challenges remain, including high reliance on thermal power, but China’s clean energy push sets a global example for sustainable development. Read more
Pre-Budget Submission 2024-25
The world is in a technology, trade and finance race as the energy transition takes hold and we grapple with the growing impacts of climate change and climate risk. Australia has one of the biggest investment, employment, and net export opportunities this century, but only if we proactively build a strategic national response proportional to the investment opportunity. In our submission with Climate Capital Forum, we call for a major public policy shift, at scale, to set the right market signals and strategically leverage the national balance sheet, and selectively provide public budget support to unlock and crowd-in private capital. Read more