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 India: The false promise of ‘second life’ coal

India risks Rs4 trillion new investment in yet more stranded fossil fuel assets

Federal Home Minister Amit Shah’s suggestion that India should invest 4 trillion rupees (US$55billion) in expanding new and existing coal mines, as well as high-risk, speculative, domestic ‘clean coal’ projects over the next decade to create a hoped for ‘second life’ is, in our view, entirely inconsistent with the country’s policy direction and ignores the […]

January 19, 2021 Read More →

IEEFA Update: Coking coal’s decline likely to follow the path of thermal coal’s progressive demise

Technology disruption the likely theme of global energy markets in 2021

There has been a growing tsunami of climate commitment announcements combined with fossil fuel exclusion policies by globally significant financial institutions during December 2020, building on the pledges two months earlier by the leaders of China, Japan and South Korea committing to net zero emissions targets. On top of that, three leading corporate announcements show […]

December 22, 2020 Read More →
IEEFA: China’s ban is less of a threat to Australia’s coal industry than international climate ambition

IEEFA: China’s ban is less of a threat to Australia’s coal industry than international climate ambition

Australian coal exporters will survive this near-term political fight but there are longterm structural headwinds

The decision by China’s National Development and Reform Commission to formally and indefinitely block Australian coal imports is a key threat to Australia’s political and economic wellbeing. Australia can never expect to win a trade war with its biggest export partner, and it is sheer political and economic suicide to try to do so. But […]

December 15, 2020 Read More →
IEEFA: Australia should be a net-zero emissions leader

IEEFA: Australia should be a net-zero emissions leader

Setting a target of net-zero emissions by 2050 would maximise employment, investment and export opportunities

11 December 2020 (IEEFA Australia): Australia must align itself with the global push to go carbon-neutral to maintain strong trade in a net zero emissions world, the Institute for Energy Economics and Financial Analysis (IEEFA) notes in its submission in support of a new climate change bill before the Australian parliament. The bill, introduced by Zali Steggall, […]

IEEFA: Malaysia’s CIMB announces coal financing phase-out by 2040 as Asia’s fossil fuel divestment drive accelerates

IEEFA: Malaysia’s CIMB announces coal financing phase-out by 2040 as Asia’s fossil fuel divestment drive accelerates

The first emerging markets bank to announce a progressive coal exit policy

Malaysia’s CIMB Group Holdings (CIMB) has announced a comprehensive coal exit policy with a commitment to phase out both project and general corporate financing of thermal coal mining and coal-fired power generation across its portfolio by 2040. This is a first in several ways. CIMB is the first Malaysian bank to act on a formal […]

December 8, 2020 Read More →
IEEFA Australia: National Electricity Market reform agenda provides path to a flexible decarbonised decentralised grid

IEEFA Australia: National Electricity Market reform agenda provides path to a flexible decarbonised decentralised grid

Australia needs this to keep up with the global energy transition underway

The energy transition is gaining pace, so it is encouraging that Australia’s Energy Security Board (ESB) is pro-actively seeking input to help guide necessary reforms. The ESB, tasked by federal and state energy ministers to develop strategic policy and provide market development advice, is getting on with an ambitious program of work, including consultation on […]

November 27, 2020 Read More →

IEEFA Australia: NSW sets out a clear path to sustainably lower cost electricity

The employment, export and investment opportunities are huge

The last two months have been a defining point on actions for the Paris Agreement. Following on from China, both Japan and South Korea have pledged net zero emissions by 2050 targets. And President-elect Joe Biden has promised to make climate change a top priority for the U.S. again. The implications are clear, with BlackRock’s […]

November 26, 2020 Read More →

IEEFA: The Australian government is holding out on setting a net-zero emissions deadline

Australia’s states and territories, corporates and financial institutions have set their own 2050 targets

More and more countries have net zero emissions ambitions, including Australia’s top trading partners China, Japan, South Korea, the UK and the U.S. (with President-elect Joe Biden preparing to move into the White House). Every Australian state and territory has committed to achieving net zero emissions by 2050 (or sooner for the ACT) and corporates […]

November 25, 2020 Read More →
IEEFA Australia: Snowy Hydro gas plant expansions likely to be fuelled with taxpayer funds

IEEFA Australia: Snowy Hydro gas plant expansions likely to be fuelled with taxpayer funds

Gas is a poor bet, and coupled with the financially challenged Snowy Hydro 2.0, is a sure stranded asset maker

19 November 2020 (IEEFA Australia): Careful scrutiny of Snowy Hydro’s latest financial results show the company is heading towards an uneasy reliance on government and taxpayer subsidies post 2021, throwing into serious doubt the government’s heady push for further gas expansion in a declining market, finds a new briefing note by the Institute for Energy […]

IEEFA: As owner of India’s most valuable energy company, the Adani Group should lead the country’s energy strategy

IEEFA: As owner of India’s most valuable energy company, the Adani Group should lead the country’s energy strategy

Adani Green Energy’s market value is now 40% more than NTPC’s, but the wider group faces a growing ESG risk

11 November 2020 (IEEFA India): A new IEEFA report identifies the opportunity for the Adani Group to lead Indian energy strategy by further aligning itself with the government’s vision for energy independence and fast-growing reliance on renewables. “The soaring value of Adani Green Energy is a clear indication of where the market, and this group, are […]