Australian news, and some related international items

Senator Matt Canavan all for nuclear energy; economists are not so sure

‘nuclear power is clearly a workable way of producing clean energy,” Senator Canavan said

Nationals senators call for end to ‘nonsensical’ nuclear power ban, SMH, By Mike Foley August 10, 2021   Nationals senators have called for Australia’s ban on nuclear power to be lifted so the technology can be explored as a clean energy source as the federal government faces increased pressure to set a deadline for net-zero emissions.

A Coalition-dominated parliamentary inquiry last year found the ban should be partially lifted but Energy and Emissions Reduction Minister Angus Taylor said at the time the government had no plans to alter the moratorium, which has been in place since 1998.

Speaking on behalf of the Nationals Senate team on Tuesday, Queensland senator Matt Canavan said Australia’s “nonsensical prohibition” on nuclear power prevented investigation of the technology, which in time could become an economically viable source of emission-free power.

…….nuclear power is clearly a workable way of producing clean energy,” Senator Canavan said.A government source said the Nationals senators had raised the issue in Tuesday’s joint party room meeting but there were no plans for a change of policy at this point………..

Senator Canavan, who has been a vocal supporter of public funding for new coal plants, conceded nuclear power was not currently commercially attractive but said the moratorium should be lifted so the technology could be developed.

……..Tim Buckley, an analyst with the Institute for Energy Economics and Financial Analysis, said there was “no economic logic” to pursuing nuclear power, noting the only viable current technology came from China and Russia.

“The National party are pushing a technology that, if we look at Hinkley Point in the UK, involves a power price that is three to four times the price of renewables in Australia today,” he said. “The average development time of the Finnish, French and British for nuclear power plants is about 20 years.

“Do the Nats understand the only technology comes from China and Russia?”

Environment Minister Sussan Ley was contacted for comment.

August 12, 2021 - Posted by | AUSTRALIA - NATIONAL, politics

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