Finally, reality bites the faux economics of Australia’s energy debate
The Coalition’s nuclear costing report’s commonsense theme is that all technologies should be on the table and subjected to analysis that reflects the real world, not politically driven constraints.
Australia’s energy debate has increasingly been dominated by faux economics that overlooks the complexity of a power system where basic physics dictates supply must meet demand in real time.
The release of the Coalition’s nuclear costing reports, authored by energy market modelling experts Frontier Economics, goes a long way to addressing this. The reports introduce reality around the timing of existing coal power station closures and future demand, matching it with a nuclear power build program while effectively doubling the roll-out of large-scale renewables. In short, everything is on the table.
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Patrick Gibbons is a former Tehran-based diplomat and partner at corporate advisory firm Orizontas.
