investment
batteries | decarbonisation | industry | investment | local content requirements (LCR) | nuclear | renewables | US/IRA |
Shock at call for moratorium on ‘reckless renewables’
Climate Capital Forum responds to rally at Parliament House in Canberra, where politicians called for a moratorium on renewables and decarbonisation projects. Read more
The Future Fund already invests in Australia. Could it be asked to do more?
Investor Strategy News points to Climate Capital Forum’s proposal in its pre-budget submission for the Future Fund to include a “strategic national interest objective”. Read more
BlueScope ‘old’ blast furnace grant slammed by experts
The Climate Capital Forum responds to news of a grant to BlueScope Steel for a $1.15billion upgrade of its Port Kembla blast furnace – extending coal-based steelmaking for two decades: “while Australia procrastinates, developed world leaders are pivoting”. Read more
Green Steel Supply Chains are Australia’s Top Decarbonisation Opportunity but a clear and credible commitment to moving to net zero is needed: Climate Capital Forum
Allocating taxpayer monies to support BlueScope Steel to invest $1bn to lock in high emissions blast furnace technology for the next 20 years is a missed opportunity according to Climate Capital Forum. Much stronger incentives are urgently needed to reduce – not support new – fossil fuel powered production. Read more
Pre-Budget Submission 2024-25
The world is currently in a technology, trade and finance race as the global energy transition takes hold and we grapple with the growing impacts of climate change and climate risk. Read our detailed recommendations to the Australian government on how we can capitalise on the biggest investment, employment, and net export opportunities this century, by proactively building a strategic national response proportional to the investment opportunity. Read more
Wind shapes as valuable piece in modern energy jigsaw
Wind executive and Climate Capital Forum member Satya Tanner and CCF strategic comms lead Amanda Caldwell explain why offshore wind offers an option to supply large, stable electricity for major energy consumers and regional employers, making it a valuable component, particularly as we move to and beyond 82 per cent renewables. It also can help reframe, power and rebuild Australian regional communities, giving people a say through public consultation, partnering with First Nations, and different ways of asset ownership. Read more
Nuclear energy is not viable for Australia, for a number of reasons
Opinion piece with John Grimes, CEO of the Smart Energy Council, Climate Energy Finance’s Tim Buckley, Rewiring Australia’s Dr Saul Griffith, Blair Palese of the Climate Capital Forum, Dr John Hewson and Mara Bun: There are a number of barriers that make nuclear unviable as a solution for Australia’s energy transition in a timeframe necessary to respond to the climate, energy and cost-of-living crisis. We need energy, decarbonisation and cost of living solutions this decade. The Intergovernmental Panel on Climate Change recommends a 50 per cent emissions reduction by 2030. As former Chief Scientist Dr Alan Finkel has noted, it is hard to imagine first operation of small modular reactor (SMR) technology before 2040. Read more
Post MYEFO, there is no time to waste to step up the energy transition investment phase
Joint release with the Climate Energy Finance and Smart Energy Council: Incremental funding for Australia’s potential as a renewables driven critical minerals superpower of another $3bn in 2023 MYEFO does not come slightly near the scale and speed of investment and policy ambition that Australia needs. Read more
Nuclear energy is not viable for Australia in timeframe needed to address climate, energy and cost of living crisis
This open letter addresses public discussion on nuclear power generation in Australia. There are a number of barriers that make nuclear unviable as a solution for Australia’s energy transition in a timeframe necessary to respond to the climate, energy and cost of living crises. Read more
What Australia Needs to Do to Get In and Stay In the Global Decarbonising Market
Blair Palese, Founder of Climate Capital Forum and Freddy Sharpe, Philanthropist and Investor, presented to the Australian Climate Tech Festival & Awards 2023 in Sydney, November 2023 Read more