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.

 

Continue Reading

News

Trump announces 100% tariff on China amid tensions

Trump announces 100% tariffs on China, imposing export controls after Beijing’s restrictions on rare-earth minerals escalate trade tensions

Published

on

Trump announces 100% tariffs on China, imposing export controls after Beijing’s restrictions on rare-earth minerals escalate trade tensions

video
play-sharp-fill
In Short:
– Trump plans a 100% tariff on China from November 1, sparking stock declines and heightening tensions.
– U.S.-China relations are strained, with potential severe impacts on U.S. industries due to export restrictions.
President Trump announced plans to impose a 100% additional tariff on China effective November 1, along with new export controls on crucial software products.
The decision follows China’s recent restrictions on rare-earth minerals, essential for industries like semiconductors and electric vehicles. Trump expressed disbelief over China’s actions, which have escalated tensions that had ostensibly improved after months of trade negotiations.Banner

The tariff announcement sparked a significant drop in U.S. stocks, marking the worst day for the S&P 500 since April.

While some administration officials advocate restarting trade talks from scratch, there is a looming opportunity for both countries to negotiate before the tariffs take effect. Trump left room for negotiations, suggesting the timeline could allow for de-escalation.

Export Controls

The conflict between the U.S. and China underscores the volatile relationship between the two major economies. Beijing’s decision to tighten export controls aims to leverage its position and weaken Trump’s negotiating stance.

The U.S. government is evaluating additional countermeasures and sanctions in response. Observers note that while both countries have expressed a desire for dialogue, securing an enduring agreement has proven challenging, with past resolutions quickly unraveling.

The potential implications of these export restrictions could be severe for various U.S. industries. Firms have warned about significant production halts if they cannot access critical rare-earth elements from China. Analysts suggest that the situation could compel both sides to reconsider their positions to prevent further economic fallout.


Download the Ticker app

Continue Reading

News

Israel and Hamas agree to landmark hostage deal

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

Published

on

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.


In a major diplomatic breakthrough, Israel and Hamas have agreed to release all remaining Israeli hostages under a U.S.-brokered framework. The deal pairs prisoner exchanges with an Israeli troop pullback and expanded aid access, marking a potential turning point in the two-year Gaza conflict.

The agreement, set for approval by Israel’s cabinet, could pave the way for lasting peace if both sides uphold the terms. It follows weeks of negotiations led by U.S. envoys and regional mediators in Egypt, Qatar, and Türkiye.

As international agencies prepare to facilitate aid and logistics, the world watches to see whether this fragile deal can hold and bring relief to millions affected by the war.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

News

Google leads Australia media tax rankings

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Published

on

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.


Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.

#TaxTransparency #Google #Netflix #CorporateResponsibility #AustraliaBusiness


Download the Ticker app

Continue Reading

Trending Now