Rick Wilson (O'Connor, Liberal Party, Shadow Assistant Minister for Trade) Share this | Link to this | Hansard source

Hot off the press from COP29 in Baku, the Australian online website states:

… the British government announced that the Australian government was "expected" to join its UK and US "allies" in signing an agreement to speed up the development of civilian nuclear energy and decarbonise industry from March next year.

This comes hot on the heels of the Frontier Economics Report1 - Developing a base case to assess the relative costs of nuclear power in the NEM, which has exposed Labor's $122 billion lie.

Their modelling shows that the true cost of Labor's renewables plan will be at least $642 billion, and this does not include their plans for my home state of Western Australia.

Recently, on the ABC's Country Hour, Jai Thomas, Coordinator of Energy for a new WA government initiative called PoweringWA, estimated the level of investment required for WA's energy system will be 'in the order of $200 billion over the next 20 to 25 years'. The true cost of renewables is becoming clear. Nuclear as part of Australia's balanced energy mix to firm up renewables is increasingly obvious. I look forward to the 16 December Collie hearing of the House Select Committee on Nuclear Energy and thank those who've already lodged submissions. I envisage science will prevail and Collie will continue its vital role of keeping the lights on for WA long into the future.