Australia's Energy Transition: Nuclear vs Renewable Debate

Australia's energy transition strategy faces a political debate as Peter Dutton proposes a nuclear power plan estimated to cost $331 billion, aiming for nuclear to contribute under 40% of the grid by 2050 alongside renewables and gas. Critics argue that nuclear energy could be twice as expensive as renewables, with Labor advocating for a rapid increase in renewable energy to achieve over 80% by 2030. Supported by the Capacity Investment Scheme, new projects will add 6.4GW of clean energy, indicating strong investor interest and promising economic benefits. Both parties aim for net zero emissions by 2050, with disagreements over cost estimates and methodologies. Minister Chris Bowen criticizes the Coalition's figures, maintaining that Labor's plan is more cost-effective according to the AEMO forecast.