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 Op-Ed: The World Is Watching as the Biggest Utility in the Second Most Populous Country Shifts Gears

India's National Thermal Power Corporation Emerges as a Transition Cornerstone

A Morgan Stanley downgrade this month of the Indian utilities industry highlights how renewable energy is becoming so cheap that thermal power, mostly coal, is no longer competitive. This is a highly significant market signal likely to be accompanied by further growth in the already impressive number of high-caliber international investors moving into India’s renewables […]

July 19, 2017 Read More →

IEEFA Op-Ed: Blind Faith in Fossil-Fuel Industries Will Strand Economies, Communities, Workers

Markets Continue to Outpace Retro Government Policies

What’s missing from Donald Trump’s economically ludicrous promise to revive failed Rust Belt industries in the U.S. is an honest discussion of the economic and technological transition that is rapidly unfolding. New industries are growing that have already created many millions of jobs around the world and that will provide clean energy to power the 21st […]

June 22, 2017 Read More →

IEEFA Australia: Adani’s ‘Pit-to-Plug Strategy’ Is Fraying at Both Ends

‘Defer, Delay and Pray’ Appear to Be the Unspoken New Watchwords for the Company That Would Build the Carmichael Coal Project

Gautam Adani, the chairman of the Indian conglomerate Adani Group, has long argued that the Carmichael coal proposal in the Galilee Basin of Australia is a key part of his company’s “integrated pit-to-plug strategy.” The Adani logic for the Carmichael project assumes that the traded price of seaborne thermal coal is irrelevant to the commercial […]

June 12, 2017 Read More →

IEEFA Update: American Isolationism Will Hasten the Asian Century

One Country and One Climate Skeptic Is Not Going to Stop the Global Energy Transition

Donald Trump’s decision to pull the U.S. out of the Paris climate accords is incredibly narrow minded, and short-sighted. It will undermine the U.S. economy and in doing so hurt the working people who voted him in. However, one country and one climate skeptic is not going to stop the global energy transition. India and […]

June 2, 2017 Read More →

IEEFA Asia: More Evidence of Stark Change in Seaborne Thermal Coal Markets

A ‘JKT’ Triad—Japan, South Korea, and Taiwan—Sets a 21st Century Course for Clean Energy; Expect Further Transformation in the Next Year or Two

Word out today that Taiwan has attracted $60 billion in foreign capital commitments to renewable-energy projects adds to the fast-gathering momentum around the electricity sector transition taking deep root across Asia. An excerpt from the article posted this afternoon by Nikkei Asia Review: Global renewable energy companies are rushing to set up offshore wind farms […]

May 30, 2017 Read More →

IEEFA Australia: Adani Can’t Seem to Get the Public Subsidies It Requires for Its Carmichael Coal Project

Further Evidence That a Mine Proposal Is Unbankable

In saying that it has deferred its investment decision on its Australian Carmichael coal proposal because the Queensland Government hasn’t granted it yet another subsidy, Adani Enterprises is demonstrating once more that the project is unbankable. We’re not aware of a single private financial institution that has endorsed the proposal, which suggests to us that […]

May 23, 2017 Read More →

IEEFA Asia: India’s Electricity-Sector Transformation Is Happening Now

Utility-Scale Solar Projects Continue to Attract Record Low Bids

The Indian energy market transformation is accelerating under Energy Minister Piyush Goyal’s leadership. The most recent and most persuasive evidence is the collapsing cost of solar electricity—a collapse that has gone beyond anyone’s expectations, and the results are in: solar has won. The global energy market implications are profound. Recent events have given manifest life […]

May 17, 2017 Read More →

IEEFA Asia: Moon Jae-In’s Ascension in Seoul Is Another Blow to Asia’s Coal Industry

Policy Shift Stands to Halve the Long-Term Growth Rate of South Korean Coal Imports

Moon Jae-In’s election yesterday as president of South Korea holds potentially significant ramifications for global seaborne thermal coal markets. South Korea is Asia’s fourth-largest economy and the fourth-largest importer of coal globally, accounting for over 10 percent of world thermal coal import demand. As the only remaining growth market of significant size, it has long […]

May 10, 2017 Read More →

IEEFA Extra: China Is Winning the Energy-Security Race

The U.S. Lags the World as It Aims Now to ‘Prop Up Dying Industries of the Past'

[This is an excerpt of a Q&A with IEEFA’s Tim Buckley published this week by Cipher Brief, a global security publication.] The Cipher Brief: With the U.S. and China as examples, how significant is the role of government in fostering investment and development of clean energy? Tim Buckley: The government role is critical to fostering […]

IEEFA Update: An Increasingly Cursed Australian Coal Project

IEEFA Update: An Increasingly Cursed Australian Coal Project

Bad Financials, Weak Markets, Policy Headwinds, Social-License Issues, Transparency Questions, Climate Risk: The Many Afflictions Hobbling the Proposed Carmichael Mine

IEEFA has released an update today on Adani’s long-festering coal mine project in northern Queensland that plumbs the depths of the Indian conglomerate’s financials and finds them vastly insufficient for the supposed job at hand. Our report— “Adani: Remote Prospect: Carmichael Status Update 2017”—follows on previous work we’ve done around what would be the biggest new coal […]