Australian energy sector and industry groups warn of risk of cost blowouts and destroying private sector investment
Those sceptical of Peter Dutton’s nuclear plan for Australia, which the Coalition leader announced on Wednesday, demanded details about how much the seven reactors would cost.Those sceptical of Peter Dutton’s nuclear plan for Australia, which the Coalition leader announced on Wednesday, demanded details about how much the seven reactors would cost.
“Policy certainty is important for companies like AGL and ongoing debate on the matter runs the risk of unnecessarily complicating the long-term investment decisions necessary for the energy transition.” “The Coalition’s vision needs over time to be fleshed out with more detail such as around cost, viability and timelines, especially given the long delays and cost blowouts in delivering nuclear in other western economies,” said Innes Willox, chief executive of national employer association Ai Group.
However, Tania Constable, chief executive of the Minerals Council, supported the plans, saying nuclear energy offered industry “a crucial pathway … to reduce emissions cost-effectively while maintaining access to reliable baseload power”. Marilyne Crestias, interim chief executive of the Clean Energy Investors Group, said directing resources towards nuclear energy development did not “align with the urgency of transitioning to cleaner energy sources in a timely and cost-efficient manner”.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Anthony Albanese accuses Coalition of ‘secret’ plans to cut Australian wagesIn speech to ACTU conference, prime minister says opposition’s ‘gut instinct is always to gut workers’ rights’
Read more »
Gig for Gaza event in Canberra raises funds for Australian doctors working in PalestineTwo Jewish mates organise an event that brings hundreds of Canberrans together to raise funds for Australian doctors working in Palestine.
Read more »
ACCC raises red flag on Australian pharmaceutical mergerThe Australian Competition and Consumer Commission has raised concerns about a pharmaceutical company attempting to acquire one of Australia’s largest pharmacy retailers.
Read more »
Trump to turn historic verdict into campaign fuelThe latest Australian Human Rights Commission news, articles and analysis from the Australian Financial Review
Read more »
Carbon detected in galaxy observed 350m years after big bangExclusive: ‘Massive’ discovery raises possibility conditions for life were present almost from dawn of time
Read more »
More than third of Amazon rainforest struggling to recover from drought, study finds‘Critical slowing down’ of recovery raises concern over forest’s resilience to ecosystem collapse
Read more »