Coalition’s Nuclear Plan Threatens $58 Billion in Renewable Energy Investments

A recent analysis by Green Energy Markets for the Clean Energy Council indicates that the Coalition’s plan to limit renewable energy to 54%—as modeled by Frontier Economics—and introduce taxpayer-funded nuclear power plants could halt at least $58 billion in private investments. This cap would prevent the development of nearly 29 gigawatts of solar and wind projects, potentially resulting in the loss of approximately 37,700 construction jobs and 5,000 ongoing positions. Critics argue that this approach would not only stifle economic growth in regional communities but also delay Australia’s transition to cleaner energy sources. Read more.