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this post was submitted on 10 Jun 2024
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I think those quotes at the bottom are a really great summary of the problem with the Coalition's nuclear plan:
I could see the merits of beginning to invest in nuclear now, given the time required to get it up and running, but only so long as the shift to renewables isn't interrupted. Unfortunately, I think the LNP see this as a way to seem like they give a shit about climate change, but really it's just a way to buy them another decade or two to line their pockets with coal.
Nuclear power's already much more expensive than every other mainstream option, and the gap is widening every year. In twenty years time it's going to be so much more expensive it'll be ridiculous. No one's going to want to buy power for several times the cost of all the other options.
The idea's not only dumb - it's completely commercially unviable.
Remember it's not really about building nuclear, it's about promising nuclear in a short enough timeframe to prevent investment in renewables, and then keeping the date moving steadily into the future until maybe 20 years later a reactor is built. It's about giving 20 more years to coal (and coal has the most radioactive exhaust of any power generation technology)
Unviable, unless they subsidise their nuclear mates.