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: More Wheels Fall Off the Adani Mega-Mine Train

Investors and Government Officials Distance Themselves From High-Risk Project

The Adani Group has bounced back time and again with its troubled Carmichael mine proposal, but a run of freshly negative news now puts the project in real doubt. Today the Downer Group, an Australian engineering and infrastructure firm, announced it had relinquished an A$2 billion non-binding letter of award on the project it issued […]

December 18, 2017 Read More →
IEEFA Asia: Price Increase Highlights Growing Risk to Coal-Import Economies

IEEFA Asia: Price Increase Highlights Growing Risk to Coal-Import Economies

Outdated Policy in Japan, the Philippines, South Korea, Thailand, and Vietnam

The rise in the international spot price of thermal coal over the past 12 months may have put smiles on the faces of a handful of coal-exporter CEOs, but for importing nations that include Japan, the Philippines, Thailand, South Korea, and Vietnam, the trend risks putting a multibillion-dollar dent in current accounts. Since the beginning […]

November 17, 2017 Read More →

IEEFA Asia: As India Moves, Europe Follows

Low-Carbon Technology Is Where the Smart Money Is Going

As world energy markets transform at an unprecedented rate, India is at the forefront of the shift toward a profitable renewables industry, especially given how the country’s solar belt has the potential to supply 749 gigawatts (GW) of power generation. As shown in a report we published earlier this month, accelerating this trend will allow […]

October 17, 2017 Read More →

IEEFA Australia: Adani Is in Scramble Mode

The Race to a Taxpayer-Funded Close Is On

As Adani gears up its political and media machine in a play to make it look like its proposed Carmichael mine in the Galilee Basin of Queensland is a go, it has a lot on the line. Much of its push for the project now is ego-driven—the company has invested enormous political capital in Carmichael, […]

September 8, 2017 Read More →

IEEFA Latin America: In Asian Electric-Vehicle Boom, an Energy-Security Moment for Chile

An Opening to Become a Vital Natural Resource Provider and Build a Lithium Processing Industry Too

[Editor’s note: This is an excerpt of an interview with Latin America Advisor.] The Chilean government has identified seven companies that it wants to develop value-added lithium projects, state development agency CORFO (Production Development Corporation) said. Chile is part of South America’s “lithium triangle,” which contains more than half the known global reserves of the […]

August 25, 2017 Read More →
IEEFA Australia: The Odds Against Adani’s Mega-Mine Are Growing

IEEFA Australia: The Odds Against Adani’s Mega-Mine Are Growing

Project Remains Unbankable and Cannot Proceed Without Government Subsidies

Last week’s news that Commonwealth Bank, Australia’s largest, has ruled out financing for the proposed Carmichael project because of the climate risk it comes with is but the latest in the long drip of events adding to the probability the mega-mine-and-rail complex will never be built. In fact our view has only hardened that Carmichael […]

IEEFA Extra: How Sustainable Is India’s Solar Boom?

IEEFA Extra: How Sustainable Is India’s Solar Boom?

Momentum Depends Substantially on Strong Policy Leadership

[Editor’s note: This Q&A is condensed from the original, which appeared today on IndiaSpend, a data-journalism project of The Spending & Policy Research Foundation in Mumbai] Q: What is causing the cost of solar-cell technology to drop so drastically and how much of a contributor is this to the drop in price of solar power? […]

July 24, 2017 Read More →

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 →