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Nuclear the missing piece in Australia’s economic growth puzzle

By Graham Young - posted Wednesday, 28 June 2023


 

Projected Costs of Generating Electricity 2020. (International Energy Agency/CC by 4.0)

So not only do you take pressure off gas, but you reduce electricity prices in the process, as well as the demand on manpower and resources required to build a renewable-only system. It will also save the government outlays for networking the nation, as well as the subsidies that are the secret fuel of the renewables industry.

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The savings thus released can go to build housing and invest in the mechanisation that will be required to increase productivity to a point where it can meet demands for higher wages without risking inflation.

Politically it should be appealing as well. Correctly reading the wind rival navigator, Opposition Leader Peter Dutton has already committed to looking at nuclear. It gives him a point of difference from Labor and a podium from which he can credibly address climate change without alienating his sceptical support base.

The nuclear option makes sense, and the sooner it is taken up, the better.

 

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This article was first published in The Epoch Times.



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About the Author

Graham Young is chief editor and the publisher of On Line Opinion. He is executive director of the Australian Institute for Progress, an Australian think tank based in Brisbane, and the publisher of On Line Opinion.

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