CSIRO report rejects Coalition and One Nation claims that ditching net zero would lower electricity prices

A new CSIRO report has found that abandoning Australia's net zero target would not reduce power costs, and that nuclear power remains the most expensive generation option.

• The CSIRO's annual GenCost report concluded that abandoning net zero would not open a low-cost pathway for electricity generation.
• The report found that electricity from nuclear plants would be the most expensive option among current generation technologies in Australia.
• CSIRO chief energy economist Paul Graham said that if coal retires and is replaced by coal, generation costs remain the same as replacing with renewables, but emissions would rise.
• Graham stated that wholesale electricity prices will likely stay below $100 per megawatt hour in the coming years but will rise as coal plants retire.