Media

“Without customers, suppliers and governments working together to a common time-frame, these projects aren’t going to get built, and that’s why we’ve seen so many announcements in the press of companies going bankrupt because they can’t do the capital raising anymore, or projects being slowed right down” Read more

The LNP’s nuclear furphy is dead, buried and cremated. Now is the time for conviction and courage to double down and move at the speed the climate science dictates, seizing the magnitude of opportunities ahead for Australia on energy transition, domestic and export. Read more

Australia’s renewable energy sector has urged the re-elected government of Prime Minister Anthony Albanese to step up the renewables energy transition after it secured a convincing majority in the federal election. Albanese will lead a majority Labor government in a second term after a thumping election win on the weekend. Read more

“The LNP’s nuclear furphy is dead, buried and cremated,” according to Climate Energy Finance Director Tim Buckley. Buckley said Australia needed to accelerate to 82 per cent renewables by 2030 and 95 per cent by 2035 by leveraging and optimising the existing grid and upscaling the battery rollout. Read more

The thumping victory to Labor, unimaginable just months ago, or even while chomping on the democracy sausage on Saturday afternoon, means that the Australian federal government now has a clear mandate to do something great – accelerate the transition to renewables and get really serious about climate targets. Read more

Not only do experts suspect that the nuclear energy plan by the coalition will cost far more than anticipated by analysis released last week by think tank Climate Energy Finance (CEF) has found that the plan will also “hollow out” the nation with “higher energy costs, unabated carbon pollution and trillions of dollars in lost GDP.” Read more

The Albanese government’s goal for renewable energy to reach 82 per cent of the grid by 2030 is back within striking distance thanks to a surge of investment in 2024. The government made an election promise to provide incentives for uptake of household batteries, a policy that will particularly benefit the 40 per cent of home owners in outer suburbs and regional towns with rooftop solar. Read more

There’s a big debate in Australia about nuclear power. The Liberal-National Coalition says it’s key to cutting carbon and electricity costs, and estimates it will cost $331 billion. The Labor Party disagrees, saying it would cost closer to $600 billion. An independent group, Climate Energy Finance, thinks it could cost as much as $4.3 trillion. Read more

Tim points out that nuclear energy’s capital costs are underestimated, with real expenses potentially 300% higher. The modelling excludes major post-2050 costs, painting an unrealistic picture. Tim suggests the shift to renewable energy would be more economical. Read more

Nuclear power would lead to higher energy costs and more carbon pollution. Tim Buckley mentioned the true cost is much higher than claimed, as 90% of construction expenses occur after 2050 and are left out of the $331 billion estimate used in the LNP’s plan. Read more

Nationals leader David Littleproud defended the Coalition’s nuclear energy plan in a speech at the National Press Club, claiming it offers a cheaper and more reliable zero-emissions solution than the government’s renewable-focused strategy. Tim Buckley’s analysis suggests the nuclear plan could cost Australia $4.3 trillion more over 25 years compared to the government’s renewable energy strategy. Read more

Independent think tank Climate Energy Finance says nuclear power leads to permanently higher energy costs and significant carbon pollution. Read more