Australia really is doomed:
Peter Dutton will announce nuclear reactors will be commonwealth-owned and operated under similar schemes to those overseeing Snowy Hydro and the NBN, as Jim Chalmers attempts a renewables reset by placing new “community benefit” principles at the centre of Labor’s Future Made in Australia Act.
…The release of the policy was brought forward as a result of high levels of support in community surveys commissioned by the Coalition across seven proposed reactor sites.
…This comes as Dr Chalmers will declare the government’s plan for net zero emissions is “mainstream and middle of the road” and release Treasury’s Sustainable Finance Roadmap and new legislative details underpinning the government’s Future Made in Australia plan.
Meanwhile, as the carpet-baggers and media cheerleaders turn energy into a bizarroworld nuclear versus renewables false binary, the real problem of the gas price is exploding.
At $18Gj it is 600% above historical average prices:
As we know, it is neither renewables nor will it be nuclear that sets the marginal cost of electricity in the National Electricity Market (NEM), it is gas. Hence, the electricity price has exploded as well to $244Mw/h, 500% above historical average prices.
It is equally absurd for the ALP to claim it will make anything in Australia, and for the LNP to claim it will lower energy costs, while gas is ignored in the debate.
Neither side has any chance of meeting Paris Agreement carbon reduction targets, either, without gas as the transitional fuel.
All the East Coast needs is to do is reserve 15% of current gas exports to guarantee the smoothest and cheapest energy transition. Just as WA and every other energy producer on the planet does.
Instead it is lost in esoteric party political energy idiocy across the Parliament.
This is real Banana Republic stuff.
