This is just rubbish:
The Coalition’s nuclear energy plan will offer incentive packages for communities, including potential subsidised electricity prices for local industries, upgraded community infrastructure, and transition packages for workers to higher-paid jobs.
The Australian can reveal that Peter Dutton is considering a range of options for community incentives based on similar models in the UK, US and Canada.
It comes as Australia’s former nuclear science regulator under both Labor and Coalition governments said a domestic nuclear energy industry in Australia was the only option if the country wanted a reliable and low-cost energy source with zero emissions.
On average, it takes about eight years to build a nuclear reactor. We all know it would take Australia double that owing to fractious politics, NIMBYs, technological inferiority and the Australia Tax. The end result will be clean but spectacularly late and expensive power.
In under two years, you can build gas peaker plants to stabilise the renewables rollout while battery prices drop over time.
In fact, it is necessary, or the uncertainty will kill renewables as well:
Spending on large scale renewable energy developments during 2023 fell nearly 80 per cent from the previous year, a hammer blow to federal Labor’s plan to rapidly accelerate the rollout of new zero emission energy sources.
Investment in big solar and wind projects plummeted to just $1.5bn in 2023 from $6.5bn in 2022, a 77 per cent fall, according to a new study by the Clean Energy Council. The sharp slowdown in financial commitments was blamed on a logjam in planning and environmental approvals, higher costs and tighter markets for equipment and labour.
An uncertain policy environment also contributed to the decline with a long-term Renewable Energy Target set to wind up at the end of 2030.
The only issue with the energy transition is the price of gas, which the East Coast Gas Cartel has glued to Albo’s $12Gj price floor, 10% above the cost of Aussie gas in Asia and Europe!
This can be fixed with the stroke of a pen by activating the Australian Domestic Gas Security Mechanism or by applying export levies at, say, $6Gj.
It takes approximately one second and will also instantly fix everything.
