Costs of uncertainty
Michael Keating provides a useful summary of the relative costs of renewables and nuclear energy. The Coalition, either deliberately or inadvertently, is creating another cost: uncertainty, a commodity investors do not want.
Last July, eighteen industry and environmental organisations, including AI Group, the National Farmers Federation, the Australian Steel Council, and the Investor Group on Climate Change, issued a joint statement: “Australia’s existing national emissions and energy targets for 2030 are critical foundations for the investment we need to deliver reliable, affordable, and clean energy. Achieving them and the deeper targets that must follow on the road to net zero will take further and sustained effort”. They emphasised the need for a “certain, credible and consistent policy framework, not only for investors but for the wider community, including “consumers; advocates for the environment; farmers; people and communities experiencing disadvantage; property and the built environment; and workers”.
The uncertainty cost needs to be factored in to the nuclear equation.
Contributions to Pearls and Irritations
Your contribution will fund quality independent comment and analysis in Pearls and Irritations
Contribute
