Peter Dutton claims his plan to introduce nuclear energy in Australia will “keep the lights on” at a lower cost than the Labor government’s renewables-reliant transition.
“This is a plan which will underpin the economic success of our country for the next century,” Dutton said in Brisbane on Friday.
“This will make electricity reliable. It will make it more consistent. It will make it cheaper for Australians and it will help us decarbonise as a trading economy – as we must.”
Modelling by Frontier Economics for the Coalition suggests its nuclear plan would cost $331bn over 25 years. The opposition argues that is $263bn less than Labor’s renewables-transition plan to deliver Australia to net zero emissions by 2050.
However, the modelling assumes demand for electricity would not increase as much as the government expects, despite the increasing use of energy-hungry artificial intelligence and the growing popularity of electric vehicles.
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