Re:Solar generates fifth of global electricity on summer sol...
by roenxi on Tuesday June 25, 2024 @06:47AM
(#40786803)
> How will a single power plant project make it through, let alone e 2, 3, 4
I really don't see it myself. Particularly when we look at the Gillard government which had to rely on the Greens to get legislation through and that ended up with them negotiating a carbon tax. That sort of action against the nuclear industry can completely scupper a plant. There is huge sovereign risk in these things that we've seen materialise in Ukraine/the USSR, Germany and Japan. Even to a lesser extent in the UK and US with their approval processes. With a global record like that, I really don't see how the coalition's opinion matters in Australia; they've always been lightly pro-nuclear. Labor's opinions matters, and the Greens to an uncomfortable extent for an investor.
I really don't see it myself. Particularly when we look at the Gillard government which had to rely on the Greens to get legislation through and that ended up with them negotiating a carbon tax. That sort of action against the nuclear industry can completely scupper a plant. There is huge sovereign risk in these things that we've seen materialise in Ukraine/the USSR, Germany and Japan. Even to a lesser extent in the UK and US with their approval processes. With a global record like that, I really don't see how the coalition's opinion matters in Australia; they've always been lightly pro-nuclear. Labor's opinions matters, and the Greens to an uncomfortable extent for an investor.