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Teals unconvinced by Dutton's nuclear plan as Chalmers cites $4 trillion loss to economy

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 three decades. He argues that the plan would increase energy prices, delay the transition to renewable energy, and fail to meet Australia's climate targets. Chalmers emphasized that the government's focus on renewable energy sources like solar and wind, along with storage solutions, would be more cost-effective and environmentally friendly. The article also mentions that Dutton's plan lacks detail on costs, timelines, and the impact on electricity prices, with critics arguing it would be a risky and expensive venture.

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 ]