SYDNEY – Australia’s opposition coalition on Friday released long-awaited cost estimates for plans to build nuclear power plants, as the political battle over how to decarbonise Australia’s coal-reliant energy grid heats up.
Opposition Leader Peter Dutton claimed that proposals to build seven nuclear power stations on sites where coal-fired power stations are about to be decommissioned would cost A$331 billion ($210 billion), according to modeling by Frontier Economics. He believes it will be $263 billion cheaper than the path to net zero emissions by 2050 advocated by the government.
