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Should Australia embrace nuclear energy?

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The prospective inclusion of nuclear power in the Australian Liberal/National coalition’s 2025 election policy represents a bold political move with significant risks.

While proponents might argue that nuclear power is essential for achieving net-zero emissions by 2050, the term “nuclear” triggers largely negative reactions in the political arena.

Opposition Leader Peter Dutton has been forthright about nuclear energy being a part of the Coalition’s agenda, a tactic that has allowed the government to challenge and mock the idea.

The Coalition’s approach involves “new and emerging technologies,” including small modular reactors, rather than traditional nuclear plants. However, this technology is still emerging and does not provide an immediate solution to Australia’s transition away from fossil fuels.

Public opinion poses another significant hurdle. A 2022 Lowy poll found Australians divided on nuclear power, with 52% in favor of removing the ban and 45% opposed. The government could potentially leverage a “not in my backyard” campaign against the Coalition’s policy.

Waste disposal

Waste disposal also presents a challenge, as illustrated by the recent abandonment of a waste dump plan near Kimba in South Australia. This decision has raised concerns about the disposal of waste from nuclear medicine and has implications for Labor’s capacity to make tough decisions on nuclear submarines under AUKUS.

The economic viability of nuclear power is another obstacle, requiring convincing arguments about cost-effectiveness and energy transition challenges. Tony Wood, Director of the Energy Program at the Grattan Institute, highlights doubts about the feasibility of small modular reactors providing dispatchable power similar to gas peaking plants.

While the Coalition might perceive itself as ahead of the curve on small nuclear reactors, the broader political landscape remains uncertain.

Successive governments have considered the idea but realised the political implications probably weren’t worth the effort.

But then came along the AUKUS deal, which is bringing nuclear energy to Australia through the guise of regional security.

 

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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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