Australia's diesel addiction problem - Tim Buckley Ep58

Highlights Adelaide Green iron conference

• Tim attends and presents at the WEF / Greenhouse green iron event, with almost 200 people from government, industry, think tanks and finance talking about the opportunities for green iron projects.
• A key need is for Australia to get a couple of proposals to FID and into construction, and this is a key opportunity should Australia win #COP31 – to announce bilateral agreements and public-private support for a German-Australia, a China-Australia and a Japan-Korea-Australia trilateral deal into FID.

China’s emissions down -

Clean-energy growth helped China’s carbon dioxide (CO2) emissions fall by 1% year-on-year in the first half of 2025, extending a declining trend that started in March 2024.

Lowlights Canberra - Not getting allocated funds off the table and out the door

Energy Renaissance goes into receivership

BHP 

BHP Results this past week shows a distinct lack of pressure for BHP to show any serious climate effort, claiming EV technologies aren’t ready, and BHP has deferred any material investment till next decade!

Main Story - Diesel Fuel Rebate subsidy reform

• CEF’s new report on Diesel Fuel Rebate subsidy reform “Transition Tax Incentive: Reforming Fuel Tax Credits into a Decarbonisation Tailwind”
• A policy proposal to phase-out the fuel tax credit scheme for its largest beneficiaries with a transition tax incentive scheme to accelerate electrification and decarbonisation.
• Since the Fuel Tax Act 2006 (starting FY07), the FTC Scheme has provided $123bn in diesel subsidies to FY25. Beyond this, by FY30, it will have provided $184bn in subsidies.

What’s coming up?

A Green Hydrogen and Iron conference in Perth 4-5 Sept 2025, building momentum towards a German-Austral ia bilateral green iron agreement.