Australia’s leading scientific research organisation, the CSIRO, have investigated the current opportunity for nuclear energy for Australia.
They concluded that despite nuclear power being a component of electricity generation for 16% of the world’s countries, it does not currently represent a timely or efficient solution for meeting Australia’s net zero target.
Here’s why:
- Nuclear is not economically competitive with solar PV and wind and the total development time in Australia for large or small-scale nuclear is at least 15 years.
- Small modular reactors (SMRs) are potentially faster to build but are commercially immature at present.
- The total development lead time needed for nuclear means it cannot play a major role in electricity sector emission abatement, which is more urgent than abatement in other sectors.
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