The Federal Government is increasing its investment in renewable energy as Pacific Island leaders and climate officials call for urgent action on emissions. A new report highlights renewables as the cheapest option for new electricity generation, while nuclear remains the most expensive.
Breakdown
- Pacific Island leaders and UN officials urge Australia to set science-based emissions targets. 15s
- CSIRO report finds renewables are the cheapest new-build electricity option; nuclear is most expensive. 29s
- Solar and battery costs have fallen significantly over the past year. 46s
- Opposition questions the transparency of the GenCost report's modelling tools. 1m 12s
- Government to expand its capacity investment scheme for renewables by 25%. 1m 25s