Author Archive: Tim Buckley

Director of Energy Finance Studies, Australasia, Tim Buckley has 25 years of financial markets experience, specializing in equity valuation, including as a top-rated analyst and as co-founder and managing director of Arkx Investment Management.

IEEFA Australia: NSW’s transition plan for a declining coal market is still missing

State government forecasts show the threat to the Hunter Valley’s coal industry is yet to be taken seriously

The pipeline of coal-fired power projects in New South Wales’ biggest coal export destination is collapsing. In January 2019, the 2 gigawatt (GW) Chiba coal power project in Japan was cancelled. This follows the cancellation of the 1GW Soga coal-fired power project in December 2018. The 1.3GW Akita project has reportedly been cancelled according to […]

IEEFA update: First Chinese major joins over 100 global financial institutions restricting coal finance

In the last two weeks four institutions announced coal exits

SYDNEY — In the last two weeks, four globally significant financial institutions – one leading Chinese financier, two European insurers and one French asset manager – brought in new restrictions on thermal coal financing, insurance and/or investments. Additionally, two important Australian regulatory authorities called on governments and financial markets to prepare for an urgent but […]

March 19, 2019 Read More →

IEEFA Australia: New open cut mine development refused with climate change cited as key reason

Precedent set in measuring the community cost of carbon emissions

SYDNEY – The NSW Land and Environment Court refused development consent for a new open cut coking coal mine in New South Wales’ Gloucester Valley on 8 February 2019, citing the mine’s likely contribution to climate change as a key reason. Gloucester Resources Limited (GRL) had sought development consent for the Rocky Hill Coal Project […]

February 15, 2019 Read More →

IEEFA update: Even as forecasts signal decline in global thermal coal markets, Australia courts new mines

IEEFA supports new bill prohibiting the opening up of thermal coal mining in Queensland’s Galilee Basin

SYDNEY-Australia continues to blindly court local and multinational mining companies with one of the largest untapped thermal coal deposits in the world, despite the global pipeline of new coal-fired power plants continuing to shrink and global warming becoming blatantly obvious due to extreme record-breaking weather events. Beneath the Galilee Basin in Central Queensland, Australia, is […]

February 5, 2019 Read More →

IEEFA India: New record with renewable energy installations 40 times higher than thermal

India experienced a doubling of installed renewable capacity in less than three years

SYDNEY–During the first nine months of 2018/19 renewable energy capacity was installed at a rate forty times higher than net new thermal capacity in India. At this juncture certain adjectives come to mind, including historic, unprecedented, transformational, problematic and unsustainable. This post aims to detail what has changed in India, and why all of these […]

and January 29, 2019 Read More →
IEEFA Japan: Early days, but momentum away from coal is building

IEEFA Japan: Early days, but momentum away from coal is building

From September to December 2018, the prime minister, corporations and lenders have been pivoting towards renewables

SYDNEY –  Over the last decade Japan has consistently been placed in the top three leading global exporters of financially supported coal-fired power engineering and technology capacity. In recent months however there are emerging signs of a strategic pivot away from coal, driven by a recognition of the stranded asset risks in thermal coal mining […]

and December 21, 2018 Read More →

IEEFA India: Removing the roadblocks to accelerate renewable energy deployment

Solar and wind projects can be scaled up quickly and financing is available

India is transforming its national electricity system by incorporating deflationary renewables. In doing so, it is improving energy security, reducing reliance on imported fossil fuels, addressing air pollution, and lowering emissions intensity. The timing of this transformation is spot on. India’s economy is set to double by 2030. Even with improved energy efficiency and lower […]

and December 4, 2018 Read More →
IEEFA update: India on track to meet majority of Paris goals

IEEFA update: India on track to meet majority of Paris goals

Becoming a global climate leader by meeting one target a decade earlier

Dec 3, 2018: IEEFA finds that  India is on track to achieve the majority of its Paris agreement goals, with further estimates that India will achieve its 40% non-fossil fuel capacity target a decade early. India’s achievement follows Prime Minister Narendra Modi’s 2015 announcement of ambitious policy commitments to meet the global Paris Agreement, with an emphasis […]

IEEFA Australia: The most capital-efficient solution to drive the energy transformation is a global price on carbon

Woodside Energy’s CEO Peter Coleman calls for a global carbon price

Australia’s largest listed energy company, Woodside Energy Ltd has called for a price on carbon and national energy consensus to meet global Paris commitments and as a pre-requisite to sustainable economic growth for Australia. Woodside’s call is a timely reminder that people and communities cannot afford to wait for governments to act. Business communities needs […]

November 14, 2018 Read More →

IEEFA Australia: Thermal coal export sunset looming closer

Glencore failing investors in its latest forecasts

For more than a decade, the figures looked good. Australia’s thermal coal mining export industry was experiencing an unprecedented rise in the coal seaborne market. Up to 2015 the numbers were singing. Australia was leading the market as the world’s biggest exporter of coal. But then something happened. Australia’s thermal coal exports lost their momentum. […]

November 8, 2018 Read More →