The Guardian

Australia news live: Coalition to release costings on nuclear policy

Australia news live: Coalition to release costings on nuclear policy



News Corp papers report details of Coalition’s plans to build plants at seven existing coal plant sites using taxpayer funding – follow liveBuilding nuclear power plants in Australia could cost double CSIRO predictions, energy experts warnGet our breaking news email, free app or daily news podcastBowen says Coalition would have had to ‘stretch truth’ to arrive at ‘dodgy figures’Chris Bowen also accused the Coalition of “making it up as they go along” – claiming Aemo has got it right for everything except transmission “and then just doubled the cost of transmission just plucked a figure out of the air”.And they have implied – which I imagine we’ll see in the costings today – that nuclear needs less transmission which it doesn’t. Spoiler alert, it doesn’t. You still got to get the electricity around the country. I’m not sure how they’ll get the nuclear power into the grid, maybe by carrier pigeon if they’re going to assert if somehow you’ll need less transmission.They have had to make some very heroic assumptions here, and they have had to really stretch the truth to try to get some very dodgy figures.We’ll go through the details today. I don’t believe they have released it to the ABC or the ALP, funnily enough, but clearly they had to do some mathematical gymnastics to make this in any vague way add up. They have even downgraded their costings of renewable energy by around $30bn over the last couple of weeks. If that policy didn’t last pass an election, why would the nuclear costings last any longer? Continue reading…



Source link : https://www.theguardian.com/australia-news/live/2024/dec/13/australia-news-live-coalition-costings-nuclear-policy

Author : Guardian Staff

Publish date : 2024-12-12 20:27:03

Copyright for syndicated content belongs to the linked Source.

Tags : The Guardian