campaigned against the proposed voice to parliament, he said repeatedly that it shouldn’t be supported because it lacked detail. Now, as he seeks to upend the transition to renewable energy in Australia and spend billions of dollars to build nuclear reactors instead, there is almost none.
Most are privately owned. Under the Coalition plan, the federal government would acquire them. This, from the parties most ideologically opposed to asset nationalisation. Within hours of the sites being named, the premiers of New South Wales, Victoria, South Australia, Western Australia and Queensland – all the states that would be housing the reactors – ruled it out. Queensland’s Liberal National Party opposition leader, David Crisafulli, said he wasn’t keen either and Victorian Liberal opposition leader John Pesutto had “no plans for it”.
So if the land acquisition and state and federal legislative hurdles were cleared, a Dutton government would then build, own and run the reactors and compensate affected residents in the form of subsidised power and other industry-transition assistance. The opposition leader insisted it would be a fraction of what the energy transition is currently costing. He provided no evidence to support this. In its recent analysis of the cost of a nuclear industry,. It put the pricetag of building reactors at between $8bn and $17bn each. Its analysis was also at odds with the Coalition’s promise that the first reactor could be online by 2037.
There was some more definitive guidance on the transitional implications of the nuclear plan. The Coalition’s policy would lean more heavily on gas.
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Source: FinancialReview - 🏆 2. / 90 Read more »