<
https://www.theguardian.com/australia-news/2024/mar/25/climate-conscious-investors-put-nuclear-dead-last-on-list-of-desirable-australian-ventures>
"Nuclear energy ranks last on the list of climate technologies that big
institutional investors want exposure to, according to a survey of climate
conscious investors with $37tn under management.
Fewer than one in 10 investors were exploring new investments in nuclear
technology in the survey of the Investor Group on Climate Change, whose 100
members include super funds and asset managers looking after the funds of 15
million Australians.
The survey found a rebound in confidence in Australia’s climate policy but a
growing appetite for clear timelines for the phase-out of coal, oil and gas.
The opposition, led by Peter Dutton, plans to propose locating nuclear power
plants on the site of retiring coal power plants, claiming that this would save
having to build new transmission infrastructure for renewables.
But the plan has been widely panned. The energy department has estimated it
would cost $387bn to go nuclear, and Dutton faces opposition from his own state
colleagues.
Australia’s big private electricity generators have dismissed nuclear energy as
a viable source of power for their customers for at least another decade, and
likely more.
In the yearly survey by the Investor Group on Climate Change investors were
asked which energy and climate solutions they believed had good long-term
returns. Nuclear energy was ranked last of 14 possible responses, along with
sustainable oceans.
“This is due to nuclear energy’s very high cost, and the lack of maturity and
deployment in next generation technologies,” a policy brief on the survey said,
citing the CSIRO’s gencost report."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
