A State Government Expert Panel has advised South Australia to forget about nuclear power in the quest for a world-class low carbon economy.
The report: “South Australia’s Low Carbon Economy Experts Panel Findings & Recommendations” Report was released today.
The Panel, headed by former Federal Liberal leader, John Hewson, has advised that it is feasible for South Australia to achieve a target of net zero emissions by 2050 using renewable energy and storage with no role for nuclear power.
According to the Panel, not only is a renewable energy future cost effective and good for the environment, but it provides future economic opportunities such as “the potential for South Australia to be a low carbon electricity powerhouse and a net exporter of renewable energy”.
In relation to nuclear energy, the Expert Panel found that it was not cost effective.
“Yet again, experts have found that nuclear power is not appropriate or cost-effective for South Australia. If the current Nuclear Royal Commission examines the cost blow-outs and economic performance of overseas nuclear power projects, they will come to the same conclusion”, said Greens SA Parliamentary Leader, Mark Parnell MLC.
The Expert Panel also concluded that the closure of the power plant in Port Augusta and the coal mine in Leigh Creek, while challenging in the near term, actually gives the State an opportunity to transition more quickly to a greater share of renewable energy and greater national grid integration.
The challenge now for the State Government is to get on with it.