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Rewiring Australia weighs in on nuclear proposal

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04 Jul, 2024

This post was originally published on Sustainability Matters

Electrification advocacy group Rewiring Australia has urged Australia to “double down on electrification”, referring to the finding of AEMO’s Integrated System Plan (ISP) that the country can reliably run on renewable energy, but needs more of it.

“The ISP makes clear that the best course of climate action is to double down on progress made already, support the 3.8 million households with rooftop solar and not U-turn towards slow and expensive nuclear baseload power,” said Dan Cass, Rewiring Australia’s Executive Director.

“Consumer-owned rooftop solar, electric vehicles and batteries from households and businesses have the largest potential for generation, storage and firming capacity by 2050 — more potential than nuclear,” he added.

Cass described rooftop solar as the world’s cheapest delivered energy, with nuclear unable to compete. He said the next step was for governments and industry to coordinate better to deliver large-scale renewables.

“This includes communicating the benefits of clean energy to communities, negotiating with them in good faith and sharing the benefits of clean energy infrastructure more fairly with locals,” he said.

“We also need to focus more on consumers in cities and towns by super-sizing solar and storage on these distribution networks.

“Electrification is the fastest, cheapest and fairest way to decarbonise. We must seize this opportunity to ensure more Australians enjoy the benefits of household electrification as soon as possible,” Cass concluded.

Image credit: iStock.com/zstockphotos

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Government consulting on sustainable investment labelling

Government consulting on sustainable investment labelling

The Australian Government is starting consultation on sustainable investment product labelling, which is designed to give investors more confidence to put more capital to work in sustainable products.

The federal government said the release of this paper is a key step in implementing its Sustainable Finance Roadmap — designed to help mobilise the capital required for Australia to become a renewable energy superpower, modernising the financial markets and maximising the economic opportunities from net zero.

This consultation paper seeks views from investors, companies and the broader community on a framework for sustainable investment product labels.

These labels are designed to help investors and consumers identify, compare and make informed decisions about sustainable investment products to understand what ‘sustainable’, ‘green’ or similar words mean when they’re applied to financial products.

The government said a more robust and clear product-labelling framework will help investors and consumers invest in sustainable products with confidence and help tackle greenwashing.

This phase of consultation will run from 18 July to 29 August and help the government refine its design principles for the framework.

The consultation paper is available on the Treasury consultation hub.

Image credit: iStock.com/wenich-mit

“AI Will Change Everything About Nuclear” as US Lab Partners With Amazon Cloud to Build the First Smart Reactors in American History

IN A NUTSHELL 🔧 Idaho National Laboratory partners with Amazon Web Services to develop AI-powered digital twins for nuclear reactors. 💡 The collaboration aims to modernize the U.S. nuclear sector, making reactors autonomous and efficient. 🌐 The initiative is part of a national push to integrate artificial intelligence into energy infrastructure. 🔍 Focus on safety, […]
The post “AI Will Change Everything About Nuclear” as US Lab Partners With Amazon Cloud to Build the First Smart Reactors in American History appeared first on Sustainability Times.

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