Analysis shows that the Coalition’s nuclear strategy, if it met its stated aims, would see nuclear plants account for approximately 12 per cent of total electricity generation by 2050.
“The slowed pace of the renewables roll-out implied or stated by the Coalition would result in renewables supplying 49 per cent of total supply (compared with 98 per cent under Labor’s plan) and gas generation supplying approximately 39 per cent (compared with 2 per cent under Labor’s plan). It would have a severe negative impact on the renewables industries, but would be a major boost to the gas industry.
“With high continued supply of electricity from gas under the Coalition’s plan, attaining net zero emissions by 2050 would be out of the question. Attaining net zero by 2050 would require four times as many nuclear power plants to be built in the 2040s as the Coalition currently plans.