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Decarbonisation

Presentations |  |  Aug 3, 2023

PRESENTATION | United Nations Sustainable Development Goals: Climate finance and the Australian opportunity

Global climate financing momentum is accelerating towards a decarbonised economy. Australia has a once in a lifetime opportunity to invest to generate affordable clean energy (SDG 7) create economic strength (SDG 8), responsible production (SDG 12) and act to mitigate climate change this decade (SDG 13). Read more

Reports and Analysis |  |  Jul 27, 2023

COMMENT | AEMO Quarterly Energy Dynamics Report – fossil fuel hyperinflation moderating, emissions down, renewables buildout must now be expedited

June quarter wholesale electricity prices are down 59% year-on-year., a major relief after 18 months of unprecedented fossil fuel hyperinflation. There is a record 30GW of new renewable energy capacity now in the connection pipeline, but just 3GW was completed in financial year 2023. We need to see the rate of completions double to replace end-of-life coal power station capacity inevitably and predictably coming offline. Read more

Reports and Analysis |  |  Jul 25, 2023

OP ED | Epic Fail: The Productivity Commission’s Arguments Against Public Investment in Australia’s Massive Cleantech Opportunity Entirely Miss the Mark

We review the PC’s recent report which completely fails to understand the scale and urgency of Australia’s opportunity to invest public capital in leveraging our world-leading energy transition resources, attract private capital and respond effectively to unprecedented global policy interventions that are re-drawing the geopolitical landscape as the world decarbonises. Read more

Reports and Analysis |  |  Jul 21, 2023

MONTHLY CHINA ENERGY UPDATES | China Stays on Track: Declining Hydro, but Stable Variable Renewables Growth

While the drought and heatwaves are testing China’s climate resilience, China’s renewable scaling up remains strong during the first half of CY2023. Countering climate change requires efforts from all. We call for China to go even faster in accelerating its decarbonisation process, as well as call for concerted effort from the developed world economies. Read more

Reports and Analysis |  |  Jul 17, 2023

REPORT | The Lights Will Stay on: Nsw Electricity Plan 2023-30

CEF’s new modelling shows that on-schedule closure of Australia’s largest coal power station, Eraring, in August 2025 is entirely doable with accelerated transition to rooftop solar and utility scale renewables plus storage – there are more than enough projects in the pipeline to replace capacity and the capital is ready and willing. Delay would cost the people of the state $200-400bn in compensation to Eraring owner Brookfield, money which should be spent on distributed solar and the RE buildout. NSW energy minister Penny Sharpe just needs to stand firm and deliver the enormous benefits of decarbonisation to NSW. Read more

Reports and Analysis |  |  Jun 28, 2023

MONTHLY CHINA ENERGY UPDATES | As climate change-driven heatwaves and drought impact China’s “dual carbon targets”, longer-term energy transition intact

China Energy Policy Analyst Xuyang Dong argues that, despite the declining hydropower caused by climate change-led drought and heatwaves in China, China’s ambition and determination on energy transition remains intact. China showed heavier reliance on coal in May, while continues renewable expansion at the same time. Read more

Presentations |  |  Jun 22, 2023

PRESENTATION | Western Australia as a Renewables and Critical Minerals Superpower

Tim Buckley’s presentation to the June 2023 WA Renewables and Critical Minerals Superpower Summit details the extraordinary opportunity for WA to lead the world in renewables powered, value added critical minerals processing in the context of a massive global acceleration in energy transition policy and public and private capital flows. Read more

Reports and Analysis |  |  Jun 20, 2023

OP ED | Australia’s New Critical Minerals Strategy: International Partnership Focus Is On Point, But Investment Falls Drastically Short

We analyse the Australian Critical Minerals Strategy 2023-2030 released today by the Federal Government. The focus on leveraging international trade agreements and partnerships to position Australia in global supply chain is laudable. However, the new funding – $500m to NAIF to support downstream processing – is a drastic underinvestment in the sector that fails to respond both to the scale of Australia’s opportunity as a potential world leader in value-adding our geostrategic minerals reserves onshore using our abundant renewables, and to the ambition of our trade partners and competitors the world over, such as the game changing ~$US800bn Inflation Reduction Act that is actively reshaping global energy dynamics. Read more

Reports and Analysis |  |  Jun 14, 2023

OP ED | “Truly momentous:” Solar is changing everything, and Australia must seize the occasion

CEF sees unprecedented trade and investment opportunities, in the order of hundreds of billions of dollars, for Australia to “ship sunshine”, embodying decarbonisation in its exports by using its solar and wind energy to process its world-leading critical minerals reserves, and to power manufacturing of energy transition materials. Australia has a once in a century opportunity for investment in renewables, exports, technology and employment, including in and driven by solar. It should seize it. Read more

Reports and Analysis |  |  Jun 13, 2023

REPORT | Solar pivot: A massive global solar boom is disrupting energy markets and speeding the transition

As CEF’s new report details, we are seeing massive global solar momentum on three related fronts: rapid ongoing solar price deflation, multifold increases in solar manufacturing capacity and successive record solar deployments. This is coupled with the surge in electric vehicles, battery supply chains and most recently, the massive new opportunities to ‘electrify everything’. In CEF’s view this creates the conditions for a series of global cascading energy, transport and industry tipping points that have the potential to dramatically accelerate the decline of the incumbent fossil fuel industry, and the decarbonisation of the world economy. The economics of solar power are now compelling, and will only get stronger this decade. Our new report tracks progress in China – which is leading by a huge margin – the US, the EU, India and Australia, and includes key recommendations for Australia to leverage its potential as a renewables superpower. Read more

Reports and Analysis |  |  Jun 6, 2023

POSITION PAPER | Five urgent reforms to boost Australia’s climate finance in a rapidly decarbonising world

In this new position paper, Janaline Oh, executive director of Diplomats for Climate Action, and CEF director Tim Buckley identify 5 urgent finance reforms the federal government should put in place so as to mobilise capital at the scale and speed needed to secure Australia’s opportunity to position itself as a critical minerals and energy transition leader in a rapidly decarbonising world – including leveraging our world leading super capital pool and our nation-building, infrastructure and energy transition funding authorities such as the Future Fund and Northern Australia Infrastructure Facility. Read more

Reports and Analysis |  |  May 31, 2023

MONTHLY CHINA ENERGY UPDATES | China remains massively ahead in global cleantech investment during slow economic growth

China remains ahead in leading global cleantech investment during its domestic renewable energy expansion. While the investment in renewables is unevenly split across the world, China continues to mobilise capital to the Global South to help developing countries in energy transition. 2023 is the tipping point for China to peak its coal use as well as its emissions. Australia should seize this opportunity to work with China, as well as other countries, in order to become a renewable superpower. Read more

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