Australia's Political Trim Tab - Ep162: Simon Holmes à Court

China's policies that direct capital towards cleaner industries have been game changing, and this week we're continuing the China theme, sharing two conversations Bryony had earlier this month at a conference at Xiamen University in Fujian Province. China's role in the clean energy transition could not be more important. The think tank Ember's latest report on the state of the global electricity transition states: over half of the world's new wind and solar power capacity last year was added in China, and together with hydro and nuclear, clean electricity in China now meets 35% of their electricity demand. And yet, the scale and the nature of the Chinese economy is so enormous it's hard to grasp, the majority of which is still powered by roughly 1000 gigawatts of coal-fired power stations, half of the global total. The focus of the conference was on a specific lever that could help China further along its decarbonisation path: the repowering of existing coal stations with clean sources of heat. Bryony's first guest, Staffan Qvist is a published academic, co-author of the book A Bright Future, and founder of a number of companies dedicated to the clean energy transition. He's been studying this concept of coal repowering since he first co-authored papers on the subject with Polish colleagues in 2019. Bryony's second guest is Assistant Professor Yaoli Zhang of Xiamen University, a thermal generation engineer by training who later "repowered" himself and switched to nuclear engineering. He currently oversees a team researching the repairing of coal in China from both a practical and economic perspective. Please like, subscribe and leave a review. Follow us on Twitter, LinkedIn, Facebook or Instagram, and sign up for the Cleaning Up newsletter at https://cleaninguppod.substack.com.  Links and more: How China Became a Green Finance Superpower - Ep160: Dr. Ma Jun: https://www.cleaningup.live/how-china-became-a-green-finance-superpower-ep160-dr-ma-jun/ The 2019 book Staffan co-authored - A Bright Future: https://brightfuturebook.com The March 2024 US Department of Energy guide on converting coal-fired power plants to nuclear power: https://www.energy.gov/ne/articles/8-things-know-about-converting-coal-plants-nuclear-power ...and the associated press release: https://www.energy.gov/ne/articles/doe-study-finds-replacing-coal-plants-nuclear-plants-could-bring-hundreds-more-local The 2022 Paper Dr Zhang and Staffan co-authored on the potential of repowering China's CFPPs with nuclear: https://ideas.repec.org/a/gam/jeners/v15y2022i3p1072-d739738.html A recent IAEA article on repurposing CFPPs to nuclear: https://www.iaea.org/newscenter/news/repurposing-coal-power-plant-sites-with-low-carbon-nuclear

The 5th Hydrogen Energy Ministerial in Tokyo announced that by 2030, the world would produce and use 90 million tonnes of renewable and low-carbon hydrogen. Then, last year, the 6th Hydrogen Energy Ministerial not only reiterated the 90 million tonne target, but went further, promising that the overall market for hydrogen would grow to 150 million tonnes by 2030. All very exciting, and it helped to ensure that hydrogen was one of the hot topics at COP 28 in Dubai a few months later. But these targets are unachievable. The issue is simple: it's money. The biggest challenge facing low emission hydrogen is that it is expensive to produce, expensive to transport, expensive to store, expensive to distribute, and expensive to use. Whether you're switching existing users to clean hydrogen or pushing hydrogen into sectors where it's not currently used, it takes money - and lots of it. In this week's episode of Cleaning Up, we find how much and how much more governments would have to spend for hydrogen to live up to its hype. This audio blog is adapted from a piece Michael wrote at the end of last year for BloombergNEF, entitled "Clean Hydrogen's Missing Trillions", which estimated that hitting the Hydrogen Energy Ministerial target of 90 million tonnes of clean energy by 2030 would require subsidies of at least $2.3 trillion to be on the table right now, while the actual figure at the end of last year was 1/10th of that. Although the figures have changed a bit since then, the message remains the same: the subsidy gap remains in the multiple trillions of dollars. It should not therefore be surprising that the news is full of projects being cancelled and delayed. In fact, that will be one of the main hydrogen stories through to 2030 and beyond. Please like, subscribe and leave a review. Follow us on Twitter, LinkedIn, Facebook or Instagram, and sign up for the Cleaning Up newsletter at https://cleaninguppod.substack.com. Find our archive of over 160 hours of conversations with extraordinary climate leaders at https://cleaningup.live. LinksMichael's December 2023 BloombergNEF piece - "Clean Hydrogen's Missing Trillions", on which this audio blog is based: https://about.bnef.com/blog/liebreich-clean-hydrogens-missing-trillions/Michael's September 2023 BloombergNEF Piece - "The Five Horsemen of the Transition": https://about.bnef.com/blog/liebreich-net-zero-will-be-harder-than-you-think-and-easier-part-i-harder/Michael's December 2022 BloombergNEF piece - "The Unbearable Lightness of Hydrogen": https://about.bnef.com/blog/liebreich-the-unbearable-lightness-of-hydrogen/The Chair's Summary of the 6th Hydrogen Energy Ministerial: https://hem-2023.nedo.go.jp/wp-content/themes/suiso2023--THEME/files/charis-summary-en.pdfThe US National Petroleum Council Report - "Harnessing Hydrogen": https://harnessinghydrogen.npc.orgThe PwC Report - "Navigating the Global Hydrogen Ecosystem": https://www.strategyand.pwc.com/de/en/industries/energy-utilities/navigating-the-hydrogen-ecosystem.htmlThe IEA's 2023 Net Zero Roadmap: https://iea.blob.core.windows.net/assets/13dab083-08c3-4dfd-a887-42a3ebe533bc/NetZeroRoadmap_AGlobalPathwaytoKeepthe1.5CGoalinReach-2023Update.pdfThe IEA's Global Hydrogen Review: https://iea.blob.core.windows.net/assets/8d434960-a85c-4c02-ad96-77794aaa175d/GlobalHydrogenReview2023.pdf Related EpisodesAudioblog 11 - The Five Horsemen of the Transition: https://www.cleaningup.live/audioblog-11-net-zero-will-be-harder-than-you-think-and-easier-part-i-harder-1/Audioblog 8- The Unbearable Lightness of Hydrogen: https://www.cleaningup.live/cleaning-up-audioblog-episode-8-the-unbearable-lightness-of-hydrogen/

Up this week is Simon Holmes à Court, the Australian investor and philanthropist with a passion for using data to change the world. In 2022, the federal elections in Australia delivered an upset, as around a third of the electorate turned their back on the established parties and voted in seven new independent MPs taking the total to 10. Simon was responsible for a crowdfunding initiative - Climate 200 - that supported 23 candidates in all, pledging to act on climate, political integrity and gender discrimination. He remains very involved in the challenge of pivoting Australia from a fossil fuel based economy to a clean energy superpower. Simon is an energy analyst, clean-tech investor, climate philanthropist, and director of the Smart Energy Council and the Australian Environmental Grantmakers Network. He was co-founder of the Australian Wind Alliance and inaugural chair of the Melbourne Energy Institute’s Advisory Board. He is a respected commentator on the economic, political and engineering aspects of Australia’s energy transition.  Links: Simon's 2022 book The Big Teal: https://publishing.monash.edu/product/the-big-teal/ Simon's ABC interview on the success of Climate 200 in the wake of the 2022 elections: https://www.youtube.com/watch?v=t3Mhz6b7cg4 Simon's 2021 talk - Independents and Climate - The Hope to End the Lost Decade: https://www.youtube.com/watch?v=RN_-1eLbLL8 Simon's 2018 op-ed which triggered his expulsion from Kooyong 200: https://www.theguardian.com/commentisfree/2018/apr/09/why-liddell-is-likely-to-close-in-2022-and-why-you-shouldnt-careThe Superpower Institute, working for Australian leadership in the transition: https://www.superpowerinstitute.com.au/

Episode Notes How can we build a more united climate movement? What should be the role of geoengineering? And how can indigenous voices be brought into the climate conversation?Bryony puts these questions to model, actor, director, ambassador and businesswoman, Lily Cole. Lily's career began at age 14 when she was recruited as a model, pitching her into the high-octane world of fashion. She remains a self-confessed geek, however, and completed her studies including a degree from Cambridge University. In 2016, she started researching a book ‘Who Cares Wins,’ which was published in 2020. In both the book and the podcast that followed, she gives a platform to a wide range of people, always seeking to see both sides of the many debates, and also to inspire optimism thanks to the wide range of solutions that are out there, be they technologically driven, or founded on ancient traditions and wisdoms.Please like, subscribe and leave a review. Follow us on Twitter, LinkedIn, Facebook or Instagram, and sign up for the Cleaning Up newsletter at cleaninguppod.substack.com.  Links and more:Lily’s website and companyWho Cares Wins: Lily’s book and podcastThe Righteous Mind by Jonathan HaidtThe Dawn of Everything by David Graeber and David WengrowSky Diamond — Carbon capture diamondsBryony’s recommended documentary on diamonds

Welcome to Season 12 of Cleaning Up! If you want a sense of the trajectory of climate action, you have to understand China, and you have to understand finance. There is no one better to share insights on both than Dr Ma Jun, Founder and President of the Institute of Finance and Sustainability in Beijing.Between 2014 and 2020, Dr Ma served as Chief Economist and then Member of the Monetary Policy Committee of the People’s Bank of China. Over the subsequent years, Dr Ma played a key role in the development of sustainable finance in China and around the world. He led the drafting of China’s green finance and green bond guidelines; he led work on green finance at the G20; he pushed for the greening of China’s Belt and Road initiative; he set up initiatives with the global accounting and standards bodies; and he helped enlist the world’s major financial centres in the drive to green the capital markets. Dr Ma is a towering figure in the area of green finance in China and in the world, and provides an invaluable perspective on one of the most significant players in the clean energy transition.Please like, subscribe and leave a review. Follow us on Twitter, LinkedIn, Facebook or Instagram, and sign up for the Cleaning Up newsletter at https://cleaninguppod.substack.com.  Links and related episodes:Dr Ma’s 2017 book, “The Economics of Air Pollution in China: Achieving Better and Cleaner Growth” https://www.jstor.org/stable/10.7312/ma--17494Dr Ma and Simon Zadek: Decarbonizing the Belt and Road https://www.climateworks.org/wp-content/uploads/2019/08/BRI_Exec_Summary_v10-screen_pages_lo-1.pdfEpisodes 14 with Jonathan Maxwell – Cheaper, Cleaner, More Reliable  https://www.cleaningup.live/episode-14-jonathan-maxwell/Episodes 113 with Jonathan Maxwell — Checkpoint 2023: Energy Efficiency Investment https://www.cleaningup.live/ep113-jonathan-maxwell-checkpoint-2023-energy-efficiency-investment/Episode 153 with Lauri Myllivyrta – Shedding Light on Energy's Dirty Secrets https://www.cleaningup.live/shedding-light-on-energys-dirty-secrets-ep153-lauri-myllyvirta/Episode 84 with Mark Carney - The 130 Trillion-Dollar Man https://www.cleaningup.live/ep84-mark-carney-matching-net-zero-supply-and-demand/Episode 145 with Professor Avinash Persaud – The Bridgetown Initiator  https://www.cleaningup.live/the-bridgetown-initiator-ep145-prof-avinash-persaud/

Bryony and Michael round up the eleventh season of Cleaning Up this week. They explore the themes running through the episodes, from theories of change to innovation, and discuss the things that surprised them, the moments they liked (or didn't) and reasons for optimism for the transition.  Links: Ep149: Material World - Ed Conway: https://www.cleaningup.live/material-world-ep149-ed-conway/ Ep150: Selling Sustainability - Solitaire Townsend: https://www.cleaningup.live/selling-sustainability-ep150-solitaire-townsend/Ep151: Redesigning Mining - Mark Cutifani: https://www.cleaningup.live/redesigning-mining-ep151-mark-cutifani/ Ep152: Can We Have a Habitable Planet? - David Wallace-Wells: https://www.cleaningup.live/can-we-have-an-habitable-planet-ep152-david-wallace-wells/ Ep153: Shedding Light on Energy's Dirty Secrets - Lauri Myllyvirta: https://www.cleaningup.live/shedding-light-on-energys-dirty-secrets-ep153-lauri-myllyvirta/ Ep154: Green Heat (And Cooling) Under Our Feet - Tamsin Lishman: https://www.cleaningup.live/green-heat-and-cooling-under-our-feet-ep154-tamsin-lishman/ Ep155: Extreme Electrochemistry - Prof. Donald Sadoway: https://www.cleaningup.live/extreme-electrochemistry-for-a-sustainable-future-ep155-prof-donald-sadoway/ Ep156: A Magnificent Woman And Her Flying Machines - Bonny Simi: https://www.cleaningup.live/a-magnificent-woman-and-her-flying-machines-ep156-bonny-simi/ A11: The Five Horsemen of the Transition: https://www.cleaningup.live/audioblog-11-net-zero-will-be-harder-than-you-think-and-easier-part-i-harder-1/ A12: The Five Superheroes of the Transition: https://www.cleaningup.live/audioblog-12-net-zero-will-be-harder-than-you-think-and-easier-part-ii-easier/Ep157: The Methane Hunters - Sebastien Biraud & Sharon Wilson: https://www.cleaningup.live/the-methane-hunters-ep157-dr-sebastien-biraud-sharon-wilson/Ep 158: Absolutely Electrifying - Saul Griffith: https://www.cleaningup.live/absolutely-electrifying-ep158-saul-griffith/

Michael chats with Saul Griffith, Australian-born engineer, inventor, advisor, author and 2007 MacArthur "Genius". He specialises in clean and renewable energy technologies, and has founded a dozen technology companies across 20 years in Silicon Valley, as well as authoring 3 books, including `Electrify', and `The Big Switch'. He has recently turned his attention from Otherlab, his independent Research and Development lab, to policy work and writing, including founding Rewiring America and Rewiring Australia, non-partisan organisations dedicated to electrification and decarbonisation and the associated policy and regulatory implications of meeting our climate goals. Saul received his Ph.D. at MIT in the junction between materials science and information theory. Prior to MIT, he studied in Sydney, Australia and at UC Berkeley in metallurgical engineering.    Links  Buy Saul's 2022 book Electrify: An Optimist's Playbook for Our Clean Energy Future: https://mitpress.mit.edu/9780262545044/electrify/ Buy Saul's The Big Switch: Australia’s Electric Future: https://www.amazon.co.uk/Big-Switch-Australias-Electric-Future-ebook/dp/B09QFQHF8W Buy Saul's 2023 extended essay: https://www.quarterlyessay.com.au/essay/2023/03/the-wires-that-bind    Related Episodes The Bridgetown Initiator - Ep145: Prof Avinash Persaud: https://www.cleaningup.live/the-bridgetown-initiator-ep145-prof-avinash-persaud/ Audioblog 12: The 5 Superheroes of the Transition: https://www.cleaningup.live/audioblog-12-net-zero-will-be-harder-than-you-think-and-easier-part-ii-easier/

Bryony speaks to two fascinating guests, both specialising in methane emissions, their causes and impacts: Dr. Sebastien Biraud and Sharon Wilson.Dr. Biraud is a biogeochemist, leading the Climate Sciences Department. Sebastien's work has taken him to the tropical rainforests of the Amazon, the great plains of the United States, and the Arctic tundra. He is currently co-leading/leading projects for the U.S. Department of Energy and the California Energy Commission. These projects involve integrating and applying high-precision greenhouse gas observations to advance research on the atmospheric carbon cycle and to enhance measurement, reporting, and verification of greenhouse gas emissions. Sharon  is a 5th generation Texan who, after 12 years working for the oil and gas industry in Ft. Worth, left and bought 42 acres in Wise County. Unknown to her at the time was that George Mitchell was experimenting in Wise County to figure out how to produce oil and gas from shale. She had a ringside seat at the sneak preview called Fracking Impacts. This experience prompted her to join Earthworks’, working on their Oil & Gas Accountability Project in 2010. In 2014, she became a certified optical gas imaging thermographer and now travels across the U.S. making visible the invisible methane pollution from oil and gas facilities through her non-profit, Oilfield Witness, and giving tours to media, Members of Congress, state lawmakers, regulators, and investment bankers.   Links Explore Sharon's work at Oilfield Witness here: https://oilfieldwitness.orgView Oilfield Witness' award-winning documentary here: https://www.youtube.com/watch?v=dMT2ESXlZ14 Read Sebastien's interview about his work for the Berkeley Lab News Centre here: https://newscenter.lbl.gov/2021/11/10/methanes-short-lifespan-presents-golden-opportunity-to-quickly-address-climate-change/ Read about EDF's MethaneSAT, a recently-launched satellite to track global methane emissions: https://www.ft.com/content/d3d8e7fe-4f0f-4eaf-9bc3-ae99b3fa322a Learn more about MethaneSAT here: https://www.methanesat.org   Related Episodes Tackling Super Pollutants - Ep146: Jason Anderson: https://www.cleaningup.live/tackling-super-pollutants-ep146-jason-anderson/

This week, Michael presents the second part of his two-parter for Bloomberg New Energy Finance, exploring the bear and bull cases for the net zero transition. This week is the bull case: the "5 superheroes" of the transition, 5 forces/trends even more powerful than last week's "5 horsemen", which can prevail in the challenge of rapidly decarbonising the global economy. The 5 superheroes are: Exponential Growth, Systems Solutions, Great Power Competition, Disappearing Demand, and the Primary Energy Fallacy. And stay tuned until the end for a 6th "bonus" superhero!This audioblog is based on Michael's Bloomberg New Energy Finance opinion piece of the same title.    LinksRead the original BNEF piece on which this audio blog was based: https://about.bnef.com/blog/liebreich-net-zero-will-be-harder-than-you-think-and-easier-part-ii-easier/Read the latest IEA Renewables Report 2023: https://www.iea.org/news/massive-expansion-of-renewable-power-opens-door-to-achieving-global-tripling-goal-set-at-cop28Read the 2017 research paper - Limits to Growth in the Renewable Energy Sector: https://www.sciencedirect.com/science/article/pii/S1364032119305143Read Michael's 2018 piece for BNEF - Beyond Three Thirds, The Road to Deep Decarbonisation: https://about.bnef.com/blog/liebreich-beyond-three-thirds-road-deep-decarbonization/Read the research review by Hans Eric Melin on the reuse and recycling rates of lithium-ion batteries: https://www.energimyndigheten.se/globalassets/forskning--innovation/overgripande/state-of-the-art-in-reuse-and-recycling-of-lithium-ion-batteries-2019.pdfRead Michael Barnard's analysis of the proportion of global shipping linked to the fossil fuel industry: https://www.forbes.com/sites/michaelbarnard/2023/12/05/how-will-climate-action-change-the-face-of-global-shipping/?sh=73844bc869d0View the Lawrence Livermore Sankey Diagram showing estimated US energy flows in 2022: https://flowcharts.llnl.govRead the first part of this BNEF piece on the "5 horsemen" of the transition: https://about.bnef.com/blog/liebreich-net-zero-will-be-harder-than-you-think-and-easier-part-i-harder/    Related EpisodesAudioblog 11: Net Zero Will Be Harder Than You Think - And Easier. Part 1: Harder:  https://www.cleaningup.live/audioblog-11-net-zero-will-be-harder-than-you-think-and-easier-part-i-harder-1/Audioblog  10: The Next Half-Trillion-Dollar Market – Electrification of Heat: https://www.cleaningup.live/cleaning-up-audioblog-episode-10-the-next-half-trillion-dollar-market-electrification-of-heat/         

Michael is solo this week on Cleaning Up, outlining the "5 horsemen" of the net-zero transition - the five greatest obstacles to the net zero transition. These 5 horsemen are: the economics of energy solutions, the electrical grid, the demand for critical mineral, political and social inertia, predatory delay by the powerful incumbents. This audioblog is based on Michael's Bloomberg New Energy Finance opinion piece of the same title.   LinksRead the original essay here: https://about.bnef.com/blog/liebreich-net-zero-will-be-harder-than-you-think-and-easier-part-i-harder/Read Michael's 2022 essay, 'The Quest for Resilience – What Could Possibly Go Wrong?' here: https://about.bnef.com/blog/liebreich-the-quest-for-resilience-what-could-possibly-go-wrong/Read Michael's 2023 essay, 'The Next Half-Trillion-Dollar Market – Electrification of Heat': https://about.bnef.com/blog/liebreich-the-next-half-trillion-dollar-market-electrification-of-heat/Read Bloomberg NEF's 2022 New Energy Outlook: https://about.bnef.com/new-energy-outlook/Read the IEA's report on the role of critical minerals in the transition: https://www.iea.org/reports/the-role-of-critical-minerals-in-clean-energy-transitionsRead the IPSOS report study - 'What Worries the World'?: https://www.ipsos.com/sites/default/files/ct/news/documents/2022-06/Global-Summary_What-Worries-the-World.pdfRead Simon Michaux's report on the required quantity of critical minerals for net zero: https://www.gtk.fi/en/current/gtk-research-the-currently-known-global-mineral-reserves-will-not-be-sufficient-to-supply-enough-metals-to-manufacture-the-planned-non-fossil-fuel-industrial-systems/Read Part 2 of this two-parter, on the "5 superheroes" of the transition: https://about.bnef.com/blog/liebreich-net-zero-will-be-harder-than-you-think-and-easier-part-ii-easier/  Related EpisodesReview Ep141 with Naomi Oreskes - Lifting the Curtain on Climate Change Denial: https://www.cleaningup.live/lifting-the-curtain-on-climate-change-denial-ep-141-prof-naomi-oreskes/