In this radio piece with 5AA Adelaide, I was given sufficient space to talk through the nature of the cost savings to be achieved if Australia embraces a nuclear pathway out to 2050. This is based on the great paper published by Martin Nicholson for the ATSE nuclear conference, which I have linked here.
When talking dollar savings, we need to be clear: the “cheapest” thing we can do is nothing. No response, slaves to inertia, continue to exploit our knowledge and path dependency on our fossil fuels system while bolting on incremental renewables.
This will merely cost us our hospitable climate since, as Professor Andy Pitman reminded us last week, we are currently on track to a completely untenable 6°C global average temperature rise by the end of the century.
What Martin’s work tells us is that a deep and rapid response to spiralling greenhouse emissions will be spectacularly cheaper for Australia if nuclear is included, with renewables, to break through to an entirely new system that decouples our well-being from fossil fuel combustion.
Isn’t that what we need?