SYDNEY -- Australia's opposition coalition on Friday released the long-awaited cost estimate for its plan to build nuclear power plants, as the political battle over how to decarbonize Australia's coal-dependent energy grid heats up.
Opposition leader Peter Dutton claimed the proposal for seven nuclear plants built at the sites of soon-to-retire coal power stations would cost 331 billion Australian dollars ($210 billion), based on modelling from Frontier Economics. This would be AU$263 billion cheaper than the path to net zero by 2050 advocated by the government, he argued.
