Jim Green: The NSW Parliament’s State Development Committee released its report into nuclear power last week. Conservative committee members recommended repeal of state laws banning uranium mining and nuclear power, while Labor members want to retain the legal bans. What the conservatives and other supporters of nuclear power ignore is that it has priced itself out of the energy debate. Its costs are staggering and the worldwide pattern for the industry is one of stagnation and decline. In the US, the cost of the only two reactors under construction has skyrocketed to between $20.4 billion and $22.6 billion for one reactor. In 2006, Westinghouse said it could build a reactor for 10 times less than that amount. In Britain, the estimated cost of the only two reactors under construction is $25.9 billion each. In the mid-2000s, the estimated cost was almost seven times lower. The British National Audit Office estimates that taxpayer subsidies for the project will amount to $58 billion.
Sydney Morning Herald 10th March 2020 read more »