June 6, 2006
This is what Julia Bishop, the Minister for Education, Science and Training, said in her op.ed. in The Australian yesterday:
The cost competitiveness of new nuclear power technologies has also been demonstrated in studies conducted in Finland, the US, Japan and Britain. Recent studies conducted on behalf of the Australian Nuclear Science and Technology Organisation have shown that in Australia nuclear power could be cost competitive with coal generation, even without considering the cost of carbon emissions.
I choked on that, as I understood that that nuclear power was 3 times as expensive in Australia and would not get off the ground without massive public funding. There would be no private investment unless the public picked up the tab.
I guess the 'could be' is the key word, as it could be cost competitive with massive public subsidy. Then so would solar or wind for that matter. Doesn't this kind of spruiking undercut Julie Bishop's stated objectives to have a public debate, an objective dispassionate discussion about nuclear power as an alternative source of energy?

Bill Leak
The ANSTO Report Introducing Nuclear Power in Australia: An Economic Comparision takes a financial perspective and it does mention public subsidies. Surely financing would need to highlight the huge initial costs of establishing a nuclear power industry and the Government being willing to meet the costs of cleaning up nuclear waste and to guarantee against accidents to lessen the risk.
You can be sure the private energy companies are not going to carry the financial risk.
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Two points:
1) Since when has the Commonwealth had any say on how electricity is generated. Thats a States responsibility.
This is a distraction, nothing more. Its a debate Howard can't loose. If the inquiry finds against nuclear generation Howard can walk away saying at least we now know. If it finds for then the States will protect him from political damage by refusing to allow them.
2) If nuclear is so safe why does the industry demand a cap on damage claims. AFAIK, no other does.