We conduct public interest financial analysis on the most profound economic transformation since the industrial revolution: the transition from fossil fuels to clean energy.
About
Climate Energy Finance (CEF) is a think tank established in 2022 that works probono in the public interest to accelerate decarbonisation. We conduct research and analyses on global financial issues related to the global energy transition from fossil fuels to clean energy, as well as the implications for the Australian economy, with a key focus on the threats and opportunities for Australian investments and exports. Read more
Our Work
AGL | CEF NEWS UPDATES | CEF SERIES ON CRITICAL MINERALS | China | Coal/electricity/electrification | Critical minerals | Decarbonisation | Energy Crisis | Finance Sector & Emissions | Hydrogen | India & Adani | Monthly China Energy Updates | Submissions | Taxes & subsidies | US IRA/ NZIA et al |
MONTHLY CHINA ENERGY UPDATE | China to Meet its Climate Target 6 Years Early and Robust Market Outlook
During the first quarter of 2024 (1QCY2024), China added 69.4GW of new electricity capacity to the grid, with 91% of it being renewable energy. China is projected to exceed its 2030 target for installed solar and wind capacity six years early. The electricity generation mix shows a rising contribution from zero-emissions sources, with wind power surpassing hydropower for the first time. In the EV market, China remains the world’s largest, with nearly 1.9 million electric cars sold in 1QCY2024. Additionally, China’s solar manufacturing industry faces challenges due to overcapacity, although major players like Jinko Solar remain financially strong even as gross margins contract as solar module prices are now down 50% y-o-y. Read more
Media
AGL China Coal Critical minerals Decarbonisation Electricity/electrification Energy crisis Finance Sector & Emissions Hydrogen India & Adani offshore wind Renewables Taxes and subsidies US IRA/EU NZIA et al
Interview: China’s renewables ‘pave the way to rapidly reduce coal reliance’
Capital Brief
Xuyang Dong talked to Carbon Brief about CEF’s new report POWER SHIFT: China installed a record 293 gigawatts (GW) of wind and solar in 2023 – pushing its total capacity to 1,050GW, according to a new report. The report, published by Australia-based thinktank Climate Energy Finance, says that, if this rate of renewables growth is maintained, then China could reach its “dual carbon” climate goals earlier than planned. Read more
China Briefing 16 May 2024: Biden’s 100% tariffs on Chinese EV; State media pushback; Xi’s Europe trip
Capital Brief
A new report by Australia-based thinktank Climate Energy Finance argues that China could reach its “dual carbon” climate goals earlier than planned. Xuyang Dong talked to Carbon Brief about the findings of the report, China’s coal power output will soon peak and decline – despite rising coal capacity – thanks to the rapid rise of clean energy sources. Read more
VIDEO | 2024-25 Federal Budget: A future made in Australia
Sky News
Tim Buckley reviews Treasurer Jim Chalmers’ Future Made in Australia Budget handed down this week, breaking down the key takeouts and what it means for Australia’s pathway to decarbonisation as the the energy transition accelerates globally. Read more
Sign up for updates
Sign up to receive occasional updates on major climate and energy finance news and developments, and notification of new reports, presentations and resources.
"*" indicates required fields
Read our privacy statement here.