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The Guardian - AU

National

Adam Morton Climate and environment editor

Coalition nuclear plan will plough $58bn wrecking ball through renewable energy projects, analysis warns

Coalition Renewable Energy Coal Greens Labor Adam Bandt Australia Chris Bowen Kane Thornton Economy

The sun rises over wind turbines east of Canberra — Opposition plans to limit renewable energy expansion could result in nearly 29 gigawatts of new large-scale solar and windfarms not being built, an analysis has found. Photograph: AAP

A Coalition proposal to limit the rollout of renewable energy could stop at least $58bn of private investment in new developments and halt billions of dollars in flow-on spending in communities, new analysis has warned.

The estimation by consultants Green Energy Markets, on behalf of industry group the Clean Energy Council (CEC), assessed what would happen if renewable energy in Australia was capped at 54% of total use, the level assumed in Frontier Economics modelling relied on by the Coalition to support its nuclear power policy.

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