Hi CoalFrom Australias perspective there is very little and weak...

First 11 Last

Share
Profile

Follow
C3111824

146 Posts.

13

20/05/24

16:34

Post #: 73918275
Share

Originally posted by coalforme: ↑

For those with a general interest in the debate on whether Australia should embrace nuclear energy, Nick Cater’s article in today’s Australian (page 11) is an excellent read. Briefly, it relates how the Greens party (yes!) in Finland adopted a pro-nuclear policy some two years ago, and has held to that policy despite caustic criticism from other national Green parties — including, of course, the Australian Greens. As Cater points out, it’s hard to resist adopting a rational energy policy when your next door neighbour is a well-known thug and bully — Putin’s Russia.

To quote Cater: “Russia’s invasion of Ukraine put an end to the dwindling constituency of anti-nuclear voters (in Finland). In a recent poll conducted by Varian, 61 per cent of Finns supported nuclear and only 9 per cent were opposed. …….Before the invasion (of Ukraine), Finland imported roughly a third of its electricity from Russia. Today, thanks in no small part to the addition of 16GW of capacity from the Olkilouto 3 (nuclear plant), Finland is virtually self-sufficient.”

Could we set up a fund, perhaps, to send Chris Bowen on a study tour of Finland — preferably in the Finnish mid-winter?

Expand

Hi Coal
From Australias perspective there is very little and weak rationale for adopting nuclear power in Australia at this stage with current commercially available tech. Especially from an economic sense, the levelised cost compared to alternate means, including gas, is rediculuosly high to be feasible - hence Dutton, or anyone, ever been able to make a strong arguement for it.
Finland is not a great case study. Any country in Europe alone isnt really, as all of Europe should be considered as a single entity with regards to standards, regulation, manufacturing, import export, skilled labour, technology etc. Australia has big longstanding problems with all the above (people will argue who is ultimately responsible for this, but most are illinformed), and not as easily supplemented as through Europe. This being said things could change when SMRs are proven.

We should focus on uranium as an export commodity, and possibly processing, to replace those dying material industries. This will invlove lifting/amending some our state mandates.

PDN Price at posting: $17.48 Sentiment: Buy Disclosure: Held
9 Upvote

1 Great analysis

Reply

Top Stories

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

What's causing the cost-of-living crisis, and how to navigate it

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins