Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Should Australia embrace nuclear energy?

Published

on

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.

 

News

Iran live updates: Trump claims Khamenei dead as Iran insists he remains in command

Published

on

video
play-sharp-fill

What’s happening in the Middle East?

Continue Reading

News

U.S. and Israel strike Iran as missiles hit Gulf bases and oil surges

U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.

Published

on

U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.

The United States and Israel have launched a sweeping military operation against Iran, striking leadership targets and more than 500 military sites in what President Trump has dubbed Operation Epic Fury.

Explosions have rocked Tehran, with civilians fleeing the capital as U.S. sea and air assets carry out sustained attacks. Washington says the mission is designed to prevent a nuclear armed Iran and has even called on Iranians to rise up against the regime.

Iran has retaliated with a barrage of missiles and drones targeting Israel and U.S. bases across the region, including in Qatar, Kuwait, the United Arab Emirates and Bahrain. While many projectiles were intercepted, a U.S. base in Bahrain sustained damage.

Gulf states long seen as stable hubs for global business are now directly in the firing line, raising fears of a wider regional war.

Oil prices are climbing and tankers are diverting from the Strait of Hormuz as markets react to the escalating conflict. U.S. aircraft carriers, advanced fighter jets and missile destroyers remain in position, signalling more strikes could follow.

With global leaders scrambling diplomatically, the world is watching to see whether this spirals further or shifts back to negotiations.Download the Ticker app

Continue Reading

News

Iran warns ships to avoid Strait of Hormuz

Iran warns ships to avoid Strait of Hormuz amid rising tensions and military buildup in the region

Published

on

Iran warns ships to avoid Strait of Hormuz amid rising tensions and military buildup in the region

video
play-sharp-fill
In Short:
– Iran’s Guard Corps advises ships to avoid the Strait of Hormuz due to rising tensions.
– Tankers have diverted to Qatar and UAE amidst concerns over safety and potential Iranian threats.
Iran’s Islamic Revolutionary Guard Corps has instructed ships to avoid the Strait of Hormuz, a crucial shipping lane linking to the Persian Gulf. About a hundred merchant vessels transit the strait daily, according to the U.S.Tensions have escalated recently as the U.S. increased military presence in the region and Iran issued threats. Western nations are concerned about Iran potentially laying sea mines to disrupt commercial traffic. Currently, no evidence suggests Iran has mined the strait.

Banner

Ships have been repeatedly warned against entering the strait, as stated by crews in the area and the European Union’s naval command, Aspides. On Saturday, dozens of tankers diverted, with some seeking refuge in Qatar and the United Arab Emirates while others opted to steer clear of the region, as reported by oil brokers and shipowners.

Shipping Concerns

Tensions continue to impact shipping operations as carriers remain cautious in the Gulf region.

Tanker crews reported hearing explosions near Iran’s Kharg Island, which is vital for the country’s oil exports, as it handles 90% of its crude oil shipments.


Download the Ticker app

Continue Reading

Trending Now