Nuclear energy is too expensive to be considered an option to help Australia reduce its carbon emissions, at least in the next decade, according to the latest report by the CSIRO., the economics of large or small modular reactors do not stack up compared to renewable energy such as wind or solar.Bloomberg
The Gencost report found that a small reactor typically costs as much as $16,000 per kilowatt-hour, 50 to 100 per cent more than large-scale nuclear.In June, former Energy Security Board chairwoman Kerry Schott toldthat nuclear energy, like new coal-fired power plants, was not a viable option because it was too expensive.
“With the world’s largest penetration of rooftop solar, unique critical energy metals, a world-class research sector and a highly skilled workforce, Australia can turn our challenges into the immense opportunity of being a global leader in renewable energy.” “In the short and medium term prices are going to increase. The challenge is to make sure price increases are minimised to the extent that they can be,” he said.
Well, we had better start a few more mines to make all these new renewables lol miningboom
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