Coalition moves to calm investors spooked by nuclear pitch

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The opposition’s energy spokesman will attempt to reassure clean-energy businesses that the Coalition sees a central role for wind and solar power after comments by the Nationals leader rattled the industry.

Peter Dutton’s Coalition is trying to calm spooked investors by promoting the role of renewables as part of their nuclear energy plan and signalling future policies to incentivise household solar and batteries.

Coalition figures view household electrification as less contentious among Coalition climate-change sceptics who oppose large-scale renewables, sparking backlashes in some communities. While there is widespread support for nuclear within the opposition, some MPs and strategists worry Labor’s framing of the Coalition as backward on climate change could hurt the Liberals in the half-a-dozen seats it lost to teal independents at the last election, as well as in a swath of metropolitan seats such as Bennelong, Bradfield, Reid, Chisholm, Menzies, Deakin and Sturt.

“On five separate public occasions, the leader of the opposition has said of waste from a nuclear facility, when it comes to a small modular reactor, you get one can of Coke. What is the real figure, based on analysis from Rolls-Royce? It’s 12,500 cans of Coke.”on Wednesday, predicting that coal plants would exit the grid entirely by 2040 and calling for a faster rollout of renewable energy projects to fill the gap.

 

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