Author Archive: Tim Buckley

Director Energy Finance Studies, Australia/South Asia, 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 China: President Xi Jinping’s profound United Nations General Assembly speech

Already the world’s leading investor in zero emissions industries of the future, now China pledges it will end international funding of coal

President Xi Jinping of China has made a profoundly important announcement overnight at the United Nations General Assembly in a speech titled: ‘Building confidence and jointly overcoming difficulties to build a better world’. “China will step up support for other developing countries in developing green and low-carbon energy, and will not build new coal-fired power […]

September 22, 2021 Read More →

IEEFA Australia: Comparing global commitment to renewable energy policies, programs and funding

Despite some glaring anomalies, much of the world is finally heading in the right direction

It could be easy to become disheartened. Australia is still not focusing on the climate science and need for a rapid decarbonisation of the economy. Instead, the Federal government is bizarrely trying to provide new capacity payment subsidies to extend the life of antiquated coal plants, is providing subsidies in the tens of millions for […]

September 8, 2021 Read More →

IEEFA: Global investors are moving away from the massive climate-related risks associated with fossil fuels

Top debt and equity investors committed over $300 billion in 2020 into building renewable energy capacity

19 July 2021 (IEEFA Australia): Despite the economic disruption from COVID-19, top global debt and equity investors are continuing to drive capital into the renewable energy infrastructure sector due to its consistency in providing investment opportunities, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Global investors are accelerating their […]

IEEFA: Vanguard funds destroy shareholder wealth with US$290bn in fossil fuels creating a 5.6% performance drag

A global laggard that has minimal transparency, is passive on climate, and is abrogating its fiduciary duty to best manage risk for investors

22 June 2021 (IEEFA Australia): Vanguard Group, the world’s second largest asset manager, is leaving its investors to face profound wealth destruction risks as the world’s largest investor in fossil fuels, all while insisting climate change is a priority for the company, finds a new report by the Institute for Energy Economics and Financial Analysis […]

IEEFA Update: G7 coal finance exit and why it matters for India

While India doesn’t rely on export credit finance to fund new coal plants, there are material implications

The commitment by the Group of Seven (G7) nations, along with several other European Union nations, to stop international financing of coal power projects by the end of this year is another strong step towards putting the world on a path to limit global warming to 1.5-2.0°C. The agreement follows the International Energy Agency’s (IEA) […]

May 28, 2021 Read More →

IEEFA: IEA’s net zero emissions by 2050 maps the huge increase in global ambition

Collective global government and corporate pledges, accelerating financial flows and straight economic gains make this a necessary, realistic and achievable outcome

The International Energy Agency’s (IEA) Net Zero by 2050 energy sector roadmap out today says the world should add “no new oil and gas fields approved for development in our pathway, and no new coal mines or mine extensions are required”. Simply put, more fossil fuels are entirely inconsistent with reduced emissions. Existing unabated coal […]

May 18, 2021 Read More →

IEEFA: Global finance is mobilising to meet East Asia’s net-zero ambition

Bolder emissions reduction targets by China, Japan and South Korea threaten Australian fossil fuel exports

Chinese President Xi Jinping’s surprise announcement at the UN General Assembly in September 2020 that the world’s biggest emitter would become carbon neutral by 2060 has proved pivotal. This has sparked a ratcheting up of greenhouse gas emissions reduction pledges and a global technology race to curb fossil fuels and boost renewable energy, as world […]

May 11, 2021 Read More →

IEEFA: Whitehaven’s Vickery coal folly

Company’s shareholder wealth destruction is extreme and ongoing

Whitehaven Coal has long set its strategic direction on the implicit assumption that the world would fail to deliver on the Paris Agreement. Its investor communications and Board strategies have largely ignored and more recently downplayed this key financial and strategic risk. The financial market however is not so blind. The shares of Whitehaven Coal […]

April 28, 2021 Read More →

IEEFA Australia: ANZ divesting from the world’s largest coal export port is ‘pragmatism’

The biggest buyers of Australian thermal coal have committed to net-zero emissions

Listen to the podcast here. ANZ, Australia’s third largest bank, has decided to stop lending to the Port of Newcastle, the world’s largest thermal coal export terminal, under its new climate change policy to cut funding to the coal sector, including the associated infrastructure and service providers. To look at the background to the bank’s […]

February 18, 2021 Read More →

IEEFA: Global capital mobilising for India’s $500bn renewable energy infrastructure opportunity

The key domestic and international institutions driving renewable energy growth in India

16 February 2021 (IEEFA India): A huge global capital pool is mobilising to invest in renewable energy and grid projects in India, according to a new IEEFA report, with pull factors including solar power tariffs hitting record lows, plunging solar module costs, record low interest rates, and the security of government-backed, 25-year power purchase agreements (PPAs). […]