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Malcolm Turnbull's claim is a fair call

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Tesla battery at sunset

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Loy Yang Power Station


Aerial of sheep wandering among the solar panels at Numurkah solar farm



A nuclear reactor on a barge pushed by a tugboat



"As such, at present, the 'standalone' renewable costs are the most relevant costs of renewables in those states. These are much lower than coal."

"To build a new coal-fired power station will be more expensive, and similarly with a nuclear power station."

  • Coal plants take longer and cost more to build
  • They carry higher clean-up and closure risks
  • They face future energy policy risks, including the possibility of border taxes penalising countries that fail to price emissions

"I would guess a cost of capital for a coal-fired plant of probably twice the effective cost of capital for wind and solar."

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