True cost of government's renewables plan could top $1 trillion
'I think we've got well over a trillion dollars that the Australian taxpayers are going to pay, and you're going to pay that through your energy bill every quarter, and you should see Anthony Albanese and Chris Bowen's face on that bill every quarter,' Mr Littleproud told Sky News Australia.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sydney Morning Herald
37 minutes ago
- Sydney Morning Herald
ASX closes flat as miners outshine banks; gold stocks rally
Welcome to your five-minute recap of the trading day. The numbers The Australian sharemarket has shrugged off signs of weakness in the world's biggest economy to close flat, as a rally in mining stocks helped offset declines in the major banks and energy companies. The S&P/ASX 200 closed 1.7 points higher on Monday, at 8663.70 points, reversing a fall in the index earlier in the day. Six of the market's 11 sectors fell, and the weakest sectors for the day were energy, financials and industrials. The flat performance followed a slump on Wall Street on Friday, as investors reacted to surprisingly weak figures on US jobs growth and the latest developments in US President Donald Trump's trade war. The Australian dollar was fetching US64.83¢ at 4.50pm AEST. The lifters Miners posted a strong session, buoyed by a higher iron ore price and strength in the gold price. Global mining giant BHP rose 0.9 per cent, Fortescue was up 1.5 per cent and Rio Tinto gained 0.4 per cent. Gold miners performed particularly well after a rise in the price of the precious metal. Evolution Mining jumped 2.6 per cent and Northern Star Resources surged 5.6 per cent. Shares in Endeavour – the company that runs Dan Murphy's and BWS – jumped 3 per cent after executive chairman Ari Mervis suddenly quit his role over 'disagreements with the board' as he edged closer to handing over the keys of the business to incoming chief executive Jayne Hrdlicka. Consumer staple stocks also had a solid day: supermarket giant Woolworths rose 1.3 per cent, and rival Coles lifted 1.7 per cent.
Sydney Morning Herald
39 minutes ago
- Sydney Morning Herald
WA uranium mining ban takes centre stage at Diggers and Dealers opener
Australia is sinking billions of dollars into an uncertain bid to become the world's leading green hydrogen exporter, but it already has the ingredients to become a renewable energy superpower, a Canadian physician-turned-nuclear evangelist says. All that is needed is the stroke of a pen to banish one rule that stands in the way. Australia already exports enough uranium to offset the emissions of the country's entire coal fleet, but only South Australia and the Northern Territory allow the mining of uranium ore. Despite Western Australia boasting vast reserves of the radioactive metal, the Labor state government has had a ban on new uranium projects since 2017. Dr Chris Keefer, a Canadian nuclear influencer headlining the annual Diggers and Dealers mining conference in Kalgoorlie, urged a rethink, arguing it would help global emissions and the Australian economy. 'There's been a lot of talk, and I understand that it's gone up in smoke now, about Australia becoming a hydrogen exporter, a green energy superpower, the Saudi Arabia of hydrogen, right?' Keefer told a tentful of miners and investors in the WA gold mining town. 'And it's ignoring the fact that you already are a clean energy superpower in terms of your exports. 'So one half of Australia's emissions are offset by its uranium exports, which are used around the world instead of, you know, a mix of coal and gas. Your entire coal fleet's emissions are essentially offset by the uranium that you export. 'So hopefully, God willing, sense will return, and you'll be able to contribute more.'
The Age
39 minutes ago
- The Age
WA uranium mining ban takes centre stage at Diggers and Dealers opener
Australia is sinking billions of dollars into an uncertain bid to become the world's leading green hydrogen exporter, but it already has the ingredients to become a renewable energy superpower, a Canadian physician-turned-nuclear evangelist says. All that is needed is the stroke of a pen to banish one rule that stands in the way. Australia already exports enough uranium to offset the emissions of the country's entire coal fleet, but only South Australia and the Northern Territory allow the mining of uranium ore. Despite Western Australia boasting vast reserves of the radioactive metal, the Labor state government has had a ban on new uranium projects since 2017. Dr Chris Keefer, a Canadian nuclear influencer headlining the annual Diggers and Dealers mining conference in Kalgoorlie, urged a rethink, arguing it would help global emissions and the Australian economy. 'There's been a lot of talk, and I understand that it's gone up in smoke now, about Australia becoming a hydrogen exporter, a green energy superpower, the Saudi Arabia of hydrogen, right?' Keefer told a tentful of miners and investors in the WA gold mining town. 'And it's ignoring the fact that you already are a clean energy superpower in terms of your exports. 'So one half of Australia's emissions are offset by its uranium exports, which are used around the world instead of, you know, a mix of coal and gas. Your entire coal fleet's emissions are essentially offset by the uranium that you export. 'So hopefully, God willing, sense will return, and you'll be able to contribute more.'
