The Coalitions “Nuclear Fantasy” is not generated by concerns about:
- Energy supply, as the seven nukes will not even replace the coal power generated electricity that is being shut down, never mind grant the increase in energy we will need by 2040.
- Small Modular Reactors do not exist commercially, so after a lot of blather, they are only going to use two of them, in the hope they will eventually exist. The experimental SMRs also seem to produce less electricity than do normal reactors, so they are not a substitute for normal reactors. We will probably need three times the number of nukes.
- The Smart Energy Council calculates that the seven reactors will only provide 3.7% of Australia’s electricity demand by 2050. This is pretty trivial, and may not be worth the cost or the risk.
- Emissions reduction or reducing climate damage, because they also want to cut back large scale renewable projects, and they are abandoning emissions reduction targets. They will have to increase emissions, to get the energy needed, probably from gas burning.
- Nuclear is not very flexible, it is required to generate a baseload, that means that as with coal, it gets disrupted by high levels of solar generation. This implies that to make it work, cheaper renewable energy has to be turned off. This also implies that the Coalition will need to prevent the regular export of electricity from your rooftop into the grid, so solar will become more expensive to operate.
- Delay or the electricity generation gap. Given the illegality of nuclear energy in Australia, even assuming best building practice in a country that has never built such a thing, it will take at least 15 years to complete, and many of those years will be without coal power or adequate renewables. So electricity prices will climb, and we will have shortages.
- Lowering costs of electricity as they seem to be ignoring the costs of building, insuring and decommissioning nukes, and making renewables harder to use. In the UK for example electricity prices from the new nukes are so high (because of the cost of building), that they will massively increase the price of electricity generally.
- The long delay means that nuclear will do nothing to lower energy prices in the near future, although they are trying to imply it will.
- The CSIRO GenCost report, finds conventional nuclear power stations will cost about 2.5 times as much as onshore wind and 5 times more than large-scale solar. If so, the electricity price has to be higher to recover the capital cost.
- Not surprisingly Nuclear reactors cost more to run than wind or solar. They have large numbers of moving parts, materials are dangerous, and a lot of care and precision is required.
- Communities. They are happy to support opposition to, and veto over, renewable projects (because they oppose renewab;es), but no community will get a veto over nuclear because its in the “national interest”.
- Coalition policy continues to ignore that the best thing for rural towns is community owned renewable energy, it keeps the money in the town, gives them control over their development and means everyone gets buy in.
- Issues of taxpayer subsidies which will be required for the build, as there is no evidence that corporations want to build any nuclear energy for themselves, unlike renewables.
- Costs of insurance and decommissioning. In general, even though nuclear is usually safe, because of the possibility of severe accidents insurance companies are reluctant to cover them, and taxpayers usually end up taking the risk and taxpayers usually pay the billions or more to demolish the reactors safely.
- Money. As the project will probably be built by foreign companies, most of the money will leave Australia.
- Nuclear waste. that appears to be something we worry about in the future.
Given the policy is not about anything sensible, it would seem to be about
- Continuing their war on renewables
- Supporting fossil fuel companies, and their emissions, for at least another 15 to 20 years
and
- wasting lots of money, on something which could produce huge problems for Australia.
It appears this is the usual swamp politics of subsidising and protecting the fossil fuel corporate sector from change, at the taxpayers’ expense.
Nuclear might have been a great idea 10 to 20 years ago, but is not now a whole answer, or even a partial answer especially if emissions are being increased and alternatives suppressed.
In other words don’t think that building a few nuclear power stations stops the need for other action.