The Daily Aus Headlines: Coalition hands down nuclear power costings
Dec 13, 2024
The Coalition's ambitious nuclear energy proposal is under scrutiny, with projections estimating a staggering $300 billion cost. Meanwhile, over 500 Qantas engineers have staged a strike, demanding better wages after stalled negotiations. In a fascinating twist, Elon Musk has hit a historic milestone, becoming the first person to surpass a net worth of $400 billion. Additionally, Caitlin Clark has been celebrated as Time's Athlete of the Year, showcasing how sports and activism continue to intersect in today's headlines.
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Coalition's Nuclear Energy Policy Cost
- The Coalition's proposed nuclear energy policy, estimated to cost $300 billion, aims to cut energy bills.
- This plan combines nuclear energy with renewables and gas, despite CSIRO analysis suggesting nuclear isn't the most cost-effective low-emission solution for Australia.
Nuclear Power's Contribution to Net-Zero
- CSIRO analysis suggests nuclear power won't significantly contribute to Australia's 2050 net-zero target due to establishment timelines.
- The lengthy implementation process makes nuclear less competitive than other low-emission electricity sources.
Qantas Engineers Strike
- Over 500 Qantas engineers initiated strike action, seeking a 25% pay rise over three years amidst stalled negotiations.
- The strike, occurring during peak travel season, follows accusations against Qantas of dishonesty in negotiations, though Qantas denies these claims and assures contingency plans are in place.