admin /29 November, 2006
In a recent report for the Queensland Government, Brisbane-based energy expert Ian Rose cited few major problems for a nuclear plant, although the report did not include recommendations or conclusions, reported The Courier-Mail (25 November 2006 p57).
Late and thirsty: But Mr Rose did point out nuclear power’s higher water consumption and said a nuclear station would take a minimum 10 years to design and develop.
Environmental payback: Its higher capital costs, however, would be offset by its environmental benefits. "The higher capital cost (of a nuclear plant) would be offset by its zero carbon dioxide emission environmental benefits," said the report.
Plug-in points: The report said the "strong points" for connection of a nuclear power station to the Queensland grid would be Ross (Townsville), Strathmore (Collinsville), Nebo (Mackay), Broadsound and Baldercombe (Rockhampton). “Other points further south would be appropriate from a grid perspective but may be problematic from a water supply perspective," the report said.
Domestic enrichment not a given: The report went on to say there’s nothing to prevent Australia having its own uranium enrichment industry in due course, but it is not necessary because there were existing suppliers.
Subsidies will be needed: The University of Queensland’s Professor John Quiggin said there were very few places in the world where nuclear power is not subsidised by the state. “What Switkowski is hinting at are specific government subsidies for nuclear,” he says. “If you don’t pay for a carbon trading scheme or unless a carbon tax is implemented in the near future, the only way to make it happen is to direct government subsidies to nuclear."
Political considerations:He continued: “From an economic point of view it would be bad public policy and politically it would be difficult to push through. And when you look at purely civilian programs, probably only Japan has relatively favourable economics because they have very little domestic energy."
Subsidy would relegate "dirty" coal: However, if a carbon tax was implemented, just about all energy sources except dirty coal would be effectively subsidised.