Coal/electricity/electrification
AGL | CEF NEWS UPDATES | CEF SERIES ON CRITICAL MINERALS | China | Coal/electricity/electrification | Critical minerals | Decarbonisation | Energy Crisis | Finance Sector & Emissions | Green Iron | Hydrogen | India & Adani | Monthly China Energy Updates | Nuclear | Submissions | Taxes & subsidies | US IRA/ NZIA et al |
REPORT | GREEN CAPITAL TSUNAMI: China’s >$100 billion outbound cleantech investment since 2023 turbocharges global energy transition
CEF’s news report shows that a green capital tsunami of investments from China into cleantech around the world is speeding decarbonisation, but Australia, with its opaque foreign investment regime, is missing out, as investment hit a multidecade low last year, forgoing its massive opportunity to co-invest with China in clean energy-powered onshore value-adding, including green iron. Read more
WA Government to Accelerate Electrification and Decarbonisation with Priority Common User Infrastructure Corridors
In a landmark for accelerating electrification and decarbonisation of the Pilbara, Australia’s resources engine room, the WA Government’s Pilbara Energy Transition (PET) Plan has announced the development of priority common user infrastructure (CUI) corridors in the region. Read more
OP ED | AMID IRON ORE WOES, BHP POSTS STRONG FY24 RESULTS BUT DECARBONISATION FAIL – Must keep eyes on the green iron prize
The iron ore slump means Australia must pivot at speed and scale to its immense opportunities in green iron, which requires action on decarbonisation. BHP, we’re looking at you. Read more
AEMO Electricity Statement of Opportunities
Tim Buckley analyses the latest AEMO ESOO, which shows no reliability gap out to 2034 – if all planned replacement capacity projects are delivered on time. Time for state governments to accelerate approvals and strategic public interest investment into firmed renewables in line with the federal 82% renewables by 2030 target, and lock in low-cost, clean reliable supply to ameliorate the climate, energy and cost of living crises. Read more
MONTHLY CHINA ENERGY UPDATE | China Reaches 2030 Wind & Solar Targets 6 Years Early, New Coal Power Permits Slow Significantly
This July, China reached its 1,200GW of installed wind and solar capacity by 2030 target, 6 years ahead of time. As of the end of July CY2024, China has a total installed wind and solar capacity of 1,207GW. This early success could inspire other major powers to accelerate their renewable energy efforts, benefiting global climate goals. However, China must continue to focus on areas like energy efficiency and steel sector decarbonization, as well as address challenges such as grid connectivity and energy storage to sustain its progress. As China’s electricity demand grows, particularly with the ongoing electrification strategy, the need for increased power generation and grid modernization becomes more pressing. To meet its carbon targets, CEF estimates that China will need to add approximately 330GW of solar, 80GW of wind, and 4GW of nuclear capacity annually until 2040. Read more
REPORT | SUPERPOWERING-UP: Accelerating the Electrification and Decarbonisation of the Pilbara
An analysis of current energy demand in the Pilbara, and the need for common user electricity infrastructure to accelerate electrification and decarbonisation at speed and scale, leveraging Australia’s opportunity to lead globally on zero-emissions value-added industries of the future. Read more
OP ED | Coalition’s Taxpayer-Funded Nuclear ‘Policy’ a Road to Ruin
While the Coalition has failed to release any detail or costings, today we have confirmation that if it gets into office, Australians will be paying a multibillion dollar “nukebuilder” tax for generations to come by being forced to front the cash for a national buildout of government-owned nuclear reactors across 7 locations, including on the sites of former coal-fired power stations. It beggars belief that Opposition Leader Peter Dutton proposes nationalising a nuclear public debt bomb and detonating it at the heart of energy policy in this country. Read more
OP ED | Queensland Budget 2024-25: A Win for Renewable Energy, Jobs, Investment, and a Win for Queenslanders.
The Miles Government has delivered its first budget, inclusive with the largest state investment package for renewable energy to-date in Australia. This provides the critical impetus required to crowd tens of billions of private capital into establishing the sunshine state as a renewable energy superpower, and accelerate the development of emerging low-emission industries to safeguard the state’s future economic and jobs growth, leveraging the global shift to a decarbonised economy. Read more
OP ED | China’s Massive Investment into Cleantech R&D and Manufacturing is Catalysing the Global Energy Transition
10 years ago, President Xi Jinping delivered a speech outlining that developing a New Energy Vehicle (NEV) industry was the only way for China to become a global automobile manufacturing powerhouse. This speech marked the pivotal moment of China’s trajectory in developing its new energy industry. Fast forward a decade, through strategic industry and energy policy, and a core focus on research and development (R&D), China has become the largest NEV manufacturer in the world, and in 2023, overtook Japan as the world’s largest auto exporter. Read more
