Labor and the Coalition are trading claims about the cost of their energy plans.
That is not comparing apples with apples. His own modelling shows nuclear is roughly only $100 billion cheaper than the Labor plan when the same assumptions are used.It cites this week's independent report by the CSIRO and the energy market operator AEMO which says nuclear is twice as expensive as renewables.
That hasn't always happened. In the last few weeks there has been a dispute over whether Labor's plan has an economic cost of $122 billion or $594 billion. This is what Labor is committed to, and it includes an aspiration for a high take-up of electric vehicles and electric heating, plus a lot of investment in the green economy.
The modelling assumes nuclear plants will last for 50 years and spreads out the costs over this period. By contrast, Labor's plan is to subsidise and underwrite renewable generation that is privately owned, or in some cases owned by state governments.
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