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Speaker 1: As you know, the federal opposition says it will build

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Speaker 1: seven nuclear power stations if it wins the next election,

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Speaker 1: two online by twenty thirty seven. One will be in

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Speaker 1: Port Agusta. The Coalition claiming its policy will help shore

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Speaker 1: up energy supply for households and industry while reducing emissions.

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Speaker 1: The Opposition isn't putting a price tag on the plans

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Speaker 1: the reactors to be built on the site or near

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Speaker 1: I suppose in terms of Port Agusta, because the site

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Speaker 1: of the former coal power station is now a greens

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Speaker 1: cement operation. But as you heard rollin Ramsay earlier, the

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Speaker 1: member for the Seed of Gray say that if it

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Speaker 1: can't be there, it'd be summer in Port Agusta. It's

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Speaker 1: not as if the short of land in the area.

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Speaker 1: Queensland's existing col fire generators flagged as perfect spots for

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Speaker 1: potential nuclear power plants in Collide and Tarong. Tarong, which

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Speaker 1: is the two sites picked in Queensland. There are two

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Speaker 1: in New South Wales, one in Victoria, South Australia and

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Speaker 1: Wa so all over the country. William Shackle Nuclear for

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Speaker 1: Australia on the line, William, good morning, I imagine you

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Speaker 1: will have welcomed the announcement from the Opposition leader today.

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Speaker 2: Yes, Nuclear for Australia does welcome the announcement. We think

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Speaker 2: it's really important and really encouraging that a major political

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Speaker 2: party in Australia is getting seriously involved in having a

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Speaker 2: mature discussion around nuclear power. We think it's a really

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Speaker 2: positive development. We also think is a really important day

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Speaker 2: because this could be the day where we could have

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Speaker 2: bipartisanship in Australia and have all political parties and all

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Speaker 2: politicians from all sides of politics unite around the idea

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Speaker 2: of ending the climate was with having along the option

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Speaker 2: of nuclear power. So it's a good day. There's quite

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Speaker 2: a bit in their policy. But we also think that

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Speaker 2: there's a real opportunity here.

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Speaker 1: The Opposition leader saying the nuclear cost is a fraction

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Speaker 1: to the renewable cost. Is he right?

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Speaker 2: So obviously it costs quite a bit to build the

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Speaker 2: nuclear power station thing shortly nothing to deny that the

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Speaker 2: benefit of nuclear power is over the long term loweres

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Speaker 2: coleted bills and that's been demonstrated in many countries around

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Speaker 2: the world. And nuclear as a system, you've got nuclear

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Speaker 2: the system as compared to a system reliant on renewables,

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Speaker 2: which to be honest, isn't very proven anyway, delivers lower

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Speaker 2: cost electricity.

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Speaker 1: Yeah, and that might be over the long term you

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Speaker 1: get the lower cost, but there are initial upfront costs

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Speaker 1: in building it. So I fear as a consumer and

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Speaker 1: as a taxpayer for that matter, that we all won't

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Speaker 1: see any reductions in bills if we start building these

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Speaker 1: things in the next ten years, we won't see a

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Speaker 1: reduction in bills forever. In a day.

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Speaker 2: Well, if you look at Finland, they recently opened up

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Speaker 2: a nuclear power station and their power bills dropped by

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Speaker 2: seventy five percent. So there's global evidence of this with

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Speaker 2: nuclear lowering power bills. Even tho I was in December.

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Speaker 2: I was at Braka in the EE where they've got

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Speaker 2: four ape four hundred reactors and they're going to build

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Speaker 2: another flour because there's been so successful for their nature.

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Speaker 2: There's fifty countries around the world looking to nuclear for

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Speaker 2: the first time, so it does stack up. It really

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Speaker 2: does help consumers, and that's why so many countries around

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Speaker 2: the world are looking to it for the first time.

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Speaker 1: And that Finland example, that's fantastic seventy five percent reduction

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Speaker 1: that doesn't excuse the fact that's got to be paid

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Speaker 1: for and somebody in Finland somewhere is bearing the cost

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Speaker 1: of that, and I think it's the people of Finland.

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Speaker 2: I think the really important thing to consider here is

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Speaker 2: that the renewables build out doesn't come without a cost.

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Speaker 2: And in reality, it's a lot more than just building

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Speaker 2: lots of solar panels and lots of wind turbines. It's

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Speaker 2: the cost of those pols and wires, the transmission infrastructure.

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Speaker 2: It's the cost of project like snowhydro too, which is

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Speaker 2: ballooning into you know, the tens of billions of dollars.

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Speaker 2: It's the storage, It's all of those things and they

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Speaker 2: are ultimately add up. So when I think about it,

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Speaker 2: the most important thing is what is the cost of

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Speaker 2: not going nuclear? And that is having to experiment with

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Speaker 2: this one hundred percent renewables rollout, which will be very

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Speaker 2: expensive and that's part of the reason why energy bills

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Speaker 2: are going up at the moment.

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Speaker 1: Okay, so on it, guys. Did now I've been on

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Speaker 1: air while Peter Dutton was speaking and haven't had the

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Speaker 1: chance to go back and look at his press conference

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Speaker 1: and what he said. Did he address the issue of waste.

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Speaker 2: I'm not sure. It's a very long press conference. I

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Speaker 2: don't think he did, and I'm actually currently reading through

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Speaker 2: his policy in front of me now. But in terms

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Speaker 2: of nuclear waste, it's not a major issue for Australia.

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Speaker 2: We're actually currently going to Lucas High at Zadansto and

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Speaker 2: they've been able to manage low and intermediate level waste

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Speaker 2: there for decades. In terms of spen fuel, that's obviously

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Speaker 2: a bit of a new equation for Australia. We do

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Speaker 2: have spence fuel produced at the Opal reactor at Lucas High,

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Speaker 2: which is used for research in medical purposes, and that

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Speaker 2: spend fuel is currently sent to France for reprocessing. So

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Speaker 2: there is a solution for that. But globally, there's some

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Speaker 2: really important things to consider. First of all, Australia is

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Speaker 2: going to have to manage this nuclei waste benfield whatever

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Speaker 2: you want to call it, due to the work of submarines,

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Speaker 2: so that's the first thing. Next, there hasn't actually been

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Speaker 2: a human harmed from nuclear waste, contrary to popular opinion.

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Speaker 2: It is safe and the management is safe and proven

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Speaker 2: around the world. Then it's a really small issue. If

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Speaker 2: you accumulated all the nuclear waste, the high level of

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Speaker 2: nuclear waste or spent fuel around the world, you can

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Speaker 2: fit it inside the MCG. And the last most important

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Speaker 2: thing about nuclear waste is it's not really an issue

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Speaker 2: because you can reprocess it, and currently a third of

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Speaker 2: nuclear waste spent fuel is reprocessed around the world. There

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Speaker 2: are preven technologies for that, and given the amount of

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Speaker 2: research and development in the nuclear industry, it's simply not

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Speaker 2: true when people say that we're going to have a

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Speaker 2: really long generational issue with nuclear waste, when there were

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Speaker 2: all of these solutions that already exist and so many

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Speaker 2: that are going to be developed in the future. So

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Speaker 2: compared to other energy sources, nuclear doesn't actually really have

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Speaker 2: much of a waste issue, all right.

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Speaker 1: If we s thought of that the MCG, we might

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Speaker 1: finally move the Grand Final around. So there is that.

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Speaker 1: Thank you, William, thank you for your time this morning.

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Speaker 2: Thank you, thanks having me on

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Speaker 1: William shakel there Nuclear for austral