it's little more than a prioritised list of opportunities as we see them in 2020.
it's not a roadmap. not a funding program. just an excuse to continue to proceed without a plan.
.@CroweDM is asking for the benchmark of success from spending the $18bn — good question — what's the target.
AT: "we're very clean with voters" claims that we'll meet and beat 2030 target, which is utter nonsense as i think you all know.
AT not committing to any targets. going all partisan. labor labor labor.
.@latingle noting that EU and other nations are providing strong signals to investors, how do we reassure investors without a target?
AT: we have a target that we'll meet and beat. 🤥
AT talking about the latrobe valley H₂ project. (few journalists know that it's a tiny trial project. just *3* tonnes of H₂ before it's dismantled.)
.@murpharoo we get no clarity on targets, what is definition on "clean", "green", "low emissions"? and how were priorities determined?
AT: techs that can "move the dial".
quick observations:
• nothing on value adding the battery supply chain
• nothing on mass electrification of transport
• no major focus on electrification of industry
• no focus on integration challenges of high renewables grid
missing the big opportunities.
[how is this guy still energy minister? he has no vision for energy in australia?]
.@PhillipCoorey asks about gov't picking winners, and how investment can have confidence given the lack of bipartisanship.
waffle waffle waffle labor labor labor
"we'd very much like labor to work with us to implement this agenda"
.@ScienceMediaGuy (?) asks about soil carbon — only tech in roadmap with tonnage target. 90mtCO₂ pa.
AT: great challenge is to measure at low cost.
(no argument there!)
.@tomwconnell tries to do some maths on the fly. 450t now less 250t here — does that mean 60% emissions reductions?
AT laughs, but won't be nailed down on numbers. waffle waffle waffle.
@gregbrown_TheOz is a brand new coal power station (collinsville) incompatible with australia's commitments on paris?
AT: "what matters is balance" collinsville is a feasibility study. "i'm not going to pre-empt those… waffles…"
.@michellegrattan asks about angus' [stupid, ridiculous, crazy] threat to build a gas power station in the hunter.
AT: we will fill whatever gaps… if they don't step up, we'll step in… partly about reliability but also about price. [makes BS comparison with hazelwood]
.@andrewprobyn how do you get green steel (for instance) off the ground without a carbon price or mandate?
AT: we want the cost to be the same. we're not going to mandate. unlike labor labor labor.
[no detail… fairytale stuff angus.]
.@_gredley can you reassure the public that nobody on the covid commission stands to personally gain from the plan?
AT: this is our plan. our decisions.
RG: but will they benefit?
AT: this is our plan. we take advice from business all the time. we make decisions.
AT:
• traditional nukes: cost high [correct]
• SMRs are hope of the sector [correct]
• early days [correct]
watch and see. not afraid of political fight.
current opinion: "nuclear not going to deliver outcomes we need."
[missed questioner] what happened to the NEG?
AT:
• we've achieved outcomes of the NEG [well that's 🐂💩]
• we're putting $18bn behind the roadmap [#factcheck needed!]
AT: we have unimaginably low gas prices now. gas is important for electricity [somewhat true] and electricity prices [currently very… needs to be fixed]. needed for fertiliser [can/should use green H₂!]
australians🇦🇺: you're going to hear lots about ontario🇨🇦, which does have a very clean grid and cheap retail power.
but you should know 🧵
1. average age of ontario's nuclear fleet is 40 years. all government owned, but ~half privately operated.
2. the current nuclear price (as determined by the ontario energy board) from this old fleet is CAD 10.1¢/kWh which is the same as A$113/MWh.
ontario's proposed new nuclear power stations will cost much more…oeb.ca/sites/default/…
3a. a 2018 canadian gov't + industry report estimated cost of power from SMRs would have a mid-point of CAD$163/MWh, or CAD$215/MWh with a 3% cost overrun.
⚛️ why #nuclear power is a distraction for australia
if implemented, the #coalition's plan would see:
• increased gas & coal usage
• increased cost
• increased emissions
• higher chance of blackouts
read on to find out why… 🧵
firstly, let me say i have a deep interest in nuclear.
i've visited multiple nuclear plants, met with companies planning to build SMRs and nuclear VCs, taken a nuclear course at @MIT and closely watched the sector for years.
i encourage the use of nuclear where it makes sense.
some context: nuclear has had a long history of nothing in australia, including the start of construction in jervis bay (promptly cancelled by a liberal PM) and a federal ban (under a liberal PM).
important to note there are also state bans, including in NSW, VIC & QLD.
my wish for you all today is that you’re not seated at xmas dinner next to your uncle who wants to convince you that australia needs to go #nuclear. ☢️
bit if you do get cornered, you might want to remind him that… 🧵
1. about 90% of our coal power will shut down by 2035, the rest well before 2040 — due to age and economics
2. nuclear won’t be able to contribute meaningfully to our grid before 2040 — SMRs won’t be commercially available for years, and large-scale nukes take that long to build
3. AEMO, the grid operator, is very confident we can keep the lights on and keep industry humming with wind, solar and hydro, supported by storage and backed up by a small amount of gas.
…we’ll burn less fossil gas in most years than we do now