Nuclear more costly and could ‘sound the death knell’ for Australia’s decarbonisation efforts, report says
by Peter Hannam Economics correspondent from Environment | The Guardian on (#6NTPV)
Analysis from Bloomberg New Energy Finance says even if nuclear is successfully implemented it would be at least four times' more expensive than average cost of renewables
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A nuclear-powered Australian economy would result in higher-cost electricity and would sound the death knell" for decarbonisation efforts if it distracts from renewables investment, a report by Bloomberg New Energy Finance (BNEF) argues.
The report comes as ANZ forecast September quarter power prices will dive as much as 30% once government rebates kick in. A separate review by the market watchdog has found household energy bills were 14% lower because of last year's rebates.
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