Australian Treasurer criticizes opposition's nuclear power plan, claiming it raises electricity bills and lacks feasibility.

Australian Treasurer Jim Chalmers has denounced the opposition Coalition's plan to build seven nuclear power plants as "economic insanity." He argues the initiative, which aims to construct reactors by 2035-2037, will raise household electricity bills by an average of $665 annually and won't effectively address energy issues. A recent study supports his concerns, suggesting nuclear costs could be significantly higher than current energy prices, questioning the plan's feasibility.

September 22, 2024
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