After 22 failed energy policies, the Coalition is being guided by a roadmap to higher bills and higher emissions
In the 1970s we were at an energy crossroads, we took the road towards coal. I wish we had taken the road towards nuclear. Our emissions would be dramatically lower.In the 1970s we were at an energy crossroads, we took the road towards coal. I wish we had taken the road towards nuclear. Our emissions would be dramatically lower.In 1969 John Gorton’s Liberal government chose the nuclear path with the construction of the Jervis Bay nuclear power plant project.
Howard’s modest renewable energy target was surely more successful than he ever intended, in great contrast to the 22the Coalition famously held during its last tenure. Its latest energy policy began shortly after the last election, when intasked Ted O’Brien to “examine the potential for advanced and next-generation nuclear technologies to contribute to Australia’s energy security and reduce power prices”.
Under the Coalition’s scenario, large industrial load collapses in 2030, signalling the closure of smelters and presumably datacentres – goodbye AI! By 2050 industrial demand is down by 62%. Over the 25-year modelling period, household disposable income will be down a whopping $2.8tn more compared to Labor’s plan.
Next, Frontier assumes that building nuclear reactors will get cheaper every year – what’s known as a positive learning rate. In reality, thethat Australia can deliver its first nuclear power reactor producing power before 2040.
“Thanks for sending me your credentials and your generous offer to set me straight, but I will decline. I’ve got all the help and technical advice I need. I know you are just protecting you financial interest. I get it, but please don’t contact me again.”
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