Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

It is widely known that even small, modular nuclear reactors are tracking to be up to five times more expensive than firmed wind and solar in 2030. I don't know where all the rational economic thinkers are over there. Nuclear costs rose 36 per cent between 2009 and 2021. Solar costs fell 90 per cent and 72 per cent over the same period.

But we know that those opposite prefer ideology to evidence. Last week it was reported that at their party room they had members put the idea of nuclear power plants on the agenda. They're clearly keen to add to their 22 failed policies. They want another one. They want to add to the 22 failed climate and energy policies. Whether it was underwriting new coal while businesses were backing renewables or it is nuclear, we know where they are. (Time expired)