Nuclear debate is getting heated, but whose energy plan stacks up?

The Coalition’s nuclear power policy is less than a week old but the political debate about Australia’s energy future has been raging since. Some of the claims pushed by the opposition about both its policy and the renewables-focused government plan have prompted plenty of questions about their veracity.Labor’s ‘renewables-only’ plan will cost more than $1 trillion: False

The Australian Energy Market Operator forecasts that the cost of reaching 82 per cent renewables, again largely driven by private investment in wind and solar farms and transmission lines, will cost $121 billion in today’s money.The Albanese government has also committed $20 billion to underwrite transmission-line construction. It has also set up a fund, called the Capacity Investment Scheme, estimated to be worth tens of billions of dollars.

The AEMO releases a document each year called the Integrated System Plan, after consultation with private industry, that details a roadmap of what the most efficient energy system will look like in coming years out to 2050, including new infrastructure. Its nuclear energy policy document, released last week, states that depending on what technology it chooses to prioritise, a large-scale reactor would start generating electricity by 2037 and a small modular reactor by 2035. SMRs are a developing design not yet in commercial production.This roll out would be as quick as anywhere in the world. The United Arab Emirates has set the global pace. It announced in 2008 that it would build four reactors under contract from Korean company KEPCO.

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