Industry super urges Australia to consider the nuclear power option
Wednesday, June 26, 2019 at 7:46PM
Uranium Stocks


Nuclear reactors should be considered as a realistic option to confront Australia's deepening energy crisis, according to a study from industry superannuation's chief lobby group.

In a report that raises concerns about the ability of battery technology to maintain the baseload power, Industry Super Australia (ISA) argued that investment in nuclear energy should not be sidelined simply because of its controversial nature.

"If you look at the output of the nuclear industry, and if you consider its future relative to other technologies, it looks awfully good relative to some of the other potential technologies and therefore it shouldn't be excluded from consideration," ISA's chief economist Stephen Anthony told The World Today.

"The fundamental challenge that our nation faces is we have to decarbonise within 50 years or we are facing a climate disaster and right now the only technology that looks really, really good in that context is nuclear."

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