Nuclear
However, experts at Australia’s CSIRO (Commonwealth Scientific and Industrial Research Organization) think it will take Australia 14 years to even build a small one.
Nova observes, “Today we have computer aided design and supercomputers with AI, but we can’t even build a 50-year-old copy of a French plant as fast as the French could in an era when homes still had slide rules
The World Nuclear Association (WNA) says nuclear is the world’s second largest source of low carbon power (26% of the total in 2020 and growing since then). There are 440 operating reactors, with 61 under construction. (2)
A recent analysis revealed that including nuclear power in Australia’s energy mix could save $263 billion. Under the Coalition’s plan, nuclear power could supply 38 percent of Australia’s energy needs by 2050, together with 53 percent renewables, delivering reliable baseload power and significantly reducing emissions.
Net Zero
Labor, Greens, and Teals continue to claim Australia should be the only industrialized nation to attempt to get anywhere near the fabled net zero by 2050 by relying totally on unreliable renewables. This will involve destroying an area greater than the size of Tasmania, including arable farmland, native forests, vast koala habitats, offshore fishing ground and whale migration routes.
Alinta chief executive Jeff Dimery, head of Australia’s fourth largest energy retailer, said he could not see a way of building enough renewable energy sources to compensate for the loss of coal, which still generates about two-thirds of Australia’s electricity. (3)
Australia’s targets are to bring emissions 43 percent below 2005 levels by 2030 and reach net zero emissions by 2050.
Despite claims of progress, genuine emissions cuts have stalled since 2020. (4)
After 2021 Australia electricity prices rose 20% two years in a row. So that cost of 210 euros per MWh in 2021 could easily have become 300 euros by 2023, putting Australians second highest in the world after the UK.
The bottom line is that from 2008 the price of electricity in China fell from 100 euros down to 80 euros per megawatt hour. While in Australia it rose from 125 euros to 300 euros and in the UK prices rose from 150 euros to 360 euros. Effectively, the price of electricity fell 20% in China at the same time as it rose 240% in Australia and the UK. (5)