Antinuclear

CSIRO’s nuclear costings have recklessly ignored construction risk, and the taxpayer will pay

 On Monday, the CSIRO released updated estimates for the cost of nuclear as
well as a range of other power generation technologies. According to the
CSIRO’s analysis, producing power from a conventional, large-scale
reactors would cost between one and half and two and half times more than
from a 90% renewables system backed up by batteries and gas.

Unfortunately, the CSIRO’s costing for nuclear power was not a particularly
comprehensive one. It doesn’t adequately take account of the complexity
involved in nuclear power plant construction and high risk of budget cost
blow-outs with this technology.

The CSIRO’s Gencost publication assumes
the cost of building a nuclear reactor in 2030 will be around $8.5 billion
for a one gigawatt unit. Yet the experience from real world projects across
Europe and the United States indicates the lower bound cost is $14.9
billion and the upper end is $27.5 billion.

 Renew Economy 11th Dec 2024 https://reneweconomy.com.au/csiros-nuclear-costings-have-recklessly-ignored-construction-risk-and-the-taxpayer-will-pay/

December 13, 2024 - Posted by Christina Macpherson | business