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« U.S. Senate Wants To Decrease CO2 By Increasing Nuclear Energy | Main | Bank of Japan introduces negative interest rate to boost economy »

Nuclear energy a great economic opportunity for Australia

Malcolm Turnbull and his Resources Minister, Josh Frydenberg, would like Australia to get much more involved in the nuclear industry. But this is a complex and politically very tricky business. If they are successful, they will have done an enormous good for Australia.

In fact, the long-term strategic stakes for the Australian economy, and the nation more broadly, are potentially immense. In a few weeks, the royal commission into the nuclear fuel cycle set up by South Australian Premier Jay Weatherill will issue an interim report, with a final report likely in April.

The conjunction of a motivated, pragmatic Labor Premier, a federal government inclined to push ahead, an activist and capable cabinet minister, and the unique economic and geo-strategic circumstances Australia and South Australia find themselves in, just might be enough to overcome the paralysis that routinely afflicts this policy area.

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