Economics of fossil fuel divestment with Tim Buckley, IEEFA for Session 5.
Tim has kindly shared his slides from IEEFA on the current (September 2020) state of fossil fuel assets – and why it makes poor financial sense to invest in coal, petroleum and carbon industries.
We really took note of some of the positives:
- Coal demand worldwide is dwindling, as the UK moves to greener alternatives and Japan plans to shut down 100 coal-powered stations. Japan is Australia’s biggest export market of coal.
- CEO of Adani in India openly admits that Adani will phase out coal production and ‘go green’ – a political disconnect between our pro-coal lobbying and reality?
- Green hydrogen and solar represents a fantastic, and enormous export opportunity for Australia.
We thank Tim for joining us and supporting the Convocation.