Australia’s official economic forecaster has finally admitted that the cost of nuclear energy is more than double other clean energy alternatives, suggesting it would likely play no role in a decarbonised grid based around lowest costs.
The Australian Power Generation Technology Report is a 362-page collaborative effort from more than 40 organisations, including the CSIRO, ARENA, the federal government’s Department of Industry and Science and the Office of the Chief Economist.
The report clearly shows that solar and wind will be the cheapest low carbon technologies in Australia.
It comes at a critical time, with the nuclear lobby, supported by existing coal generators, pushing nuclear generation heavily, on the basis of previous technology cost assessments that had unrealistically optimistic views of its costs.
Renew Economy: Sophie Vorrath & Giles Parkinson: 26 November 2015
Key Words: Climate Change, renewables
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