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The Guardian - AU
The Guardian - AU
National
Graham Readfearn

Labor says the CSIRO put a $600bn price tag on Coalition’s nuclear dreams. It’s not quite right

Nuclear power plant on the background of sunset
CSIRO experts have warned that the first few nuclear reactors to be built in Australia could cost double its estimates because of a ‘first of a kind’ premium. Photograph: Anton Petrus/Getty Images

Labor’s campaign spokesperson, frontbencher Jason Clare, claimed on Monday that CSIRO had put a $600bn price tag on the Coalition’s plans to build taxpayer-funded nuclear reactors at seven sites.

“Have a look at the work that the CSIRO has done that proves that this will cost $600bn. It won’t turn a light on for 20 years. It’ll only produce about 4% of the energy that Australia is going to need,” Clare told ABC Radio National.

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