Thanks for pointing that out. I should have been clearer. By regulatory structure, I meant the legal and institutional framework required just to begin considering nuclear power. That means repealing the current ban, signing a 123 agreement with the US, and getting alignment between federal and state governments (when even coalition-led states showed only tepid support during the campaign). These steps alone could take years.
That's not mentioning the harder part that comes next: building national public acceptance in a country broadly hostile to nuclear, gaining local backing at each proposed site, launching an international tender process because there's no domestic industry, and securing administrative and environmental approvals. All this unfolds under constant political friction and the risk of reversal with each change in government. Even under ideal conditions, these take years too.
dsfewr
9mo ago
A push towards (more expensive) renewable energy over the Liberals promotion of long term development of nuclear energy. I think this will exacerbate the cost of living problem over the long term.
The coalition offered no concrete plan for energy. Their nuclear proposal was extremely expensive (hundreds of billions for a small share of generation) in a country lacking both the necessary industrial base and regulatory structure. Electricity prices in Australia, as in Europe, are driven by expensive gas. Despite being one of the world’s largest gas exporters, domestic prices remain high because exports are more profitable than supplying the local market. The coalition’s gas policy was to wave through more gas projects and pray the supply would somehow reach the domestic market.
A shift toward nuclear would likely have delayed any easing of power prices until at least the 2040s, and only if everything proceeded smoothly, an unlikely prospect given Australia's record with large-scale infrastructure, to say the least. They opened the campaign focused on nuclear, then dropped it entirely in the final weeks. That shift speaks for itself.
First make a Metamask wallet if you don't have one already. Transfer some USDC to your Metamask, then connect to Poly with your wallet. Deposit USDC on Poly. Turn on your VPN, and you're good to trade.
More options
Context Copy link