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Dutton's nuclear plan assumes $4 trillion loss to economy: Chalmers

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Chalmers blasted "economic insanity" behind the opposition's assumption that the country will be using 40 per cent less electricity by the middle of the century.
The article from The Sydney Morning Herald discusses Treasurer Jim Chalmers' critique of Opposition Leader Peter Dutton's nuclear energy plan. Chalmers claims that Dutton's proposal to build seven nuclear power plants would result in a $4 trillion loss to the Australian economy over the next 30 years. He argues that this plan would undermine the transition to renewable energy, potentially increase energy costs, and delay Australia's progress towards net zero emissions. Chalmers emphasizes that the government's focus on renewable energy sources like solar and wind, coupled with storage solutions, is a more economically viable and environmentally friendly approach. The article also mentions that Dutton's plan lacks detail on costs, timelines, and the impact on electricity prices, leading to skepticism about its feasibility and economic justification.

Read the Full Sydney Morning Herald Article at:
[ https://www.smh.com.au/politics/federal/dutton-s-nuclear-plan-assumes-4-trillion-loss-to-economy-chalmers-20241215-p5kygy.html ]