Independent MPs sceptical of Dutton's nuclear plan (16 Dec 2024)
Article summary: Independent MPs essential to forming a minority government have voiced serious concerns about Opposition Leader Peter Dutton's nuclear power policy. Treasurer Jim Chalmers criticised the plan’s $331 billion cost by 2050, arguing it is based on faulty assumptions about reduced electricity consumption and limited adoption of renewable technologies like electric vehicles and rooftop solar. He warned the policy could shrink Australia’s economy by $4 trillion by mid-century and called next year’s election a “referendum on nuclear power.”
Curtin MP Kate Chaney dismissed Dutton’s nuclear proposal, stating: “I’m inclined to trust the CSIRO, which says nuclear power is about 50 per cent more expensive than renewables.” Allegra Spender labelled the policy a “plan for a poorer Australia,” while Zali Steggall expressed concerns about leaving future generations with financial burdens. Independent economist Saul Eslake also criticised the modelling, calling its assumptions “arbitrary” and comparing nuclear project delays to Olympic Games cost overruns.
While Chalmers defended Labor’s renewable energy policy, Shadow Treasurer Angus Taylor argued the Coalition’s approach would reduce electricity costs, though he offered no clear details on how. With energy policy now a central election issue, both parties face pressure to provide cost-effective and sustainable solutions.
Related article: Australia's Energy Future is Already Here - October 2024
