Coalition and One Nation’s plan to ditch net zero would not lower power prices, CSIRO report finds

GenCost report contradicts parties’ claims about abandoning emissions target, and finds nuclear would be most expensive way to generate powerFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastClaims by the Coalition and One Nation that abandoning a net zero climate target would bring down power prices are contradicted in a new CSIRO report on the costs of generating electricity.Generation costs will probably rise after 2030 regardless of Australia’s policy on net zero, according to the CSIRO’s annual GenCost report, but prices should then stabilise at levels below recent price spikes. Continue reading...