Australia Nuclear Update

From The Australian:

JOHN Howard's hand-picked nuclear energy taskforce will find that a nuclear industry could be commercially viable within 15 years, giving the green light to the Prime Minister to radically shake up Australia's energy market.

Former Telstra boss Ziggy Switkowski's review will also find the cost of nuclear power should come down dramatically as more global powers invest in the technology and the cost of fossil fuels go up.

Last night, Minister for Industry and Resources Ian Macfarlane said a 15-year timeframe was "very realistic", offering an optimistic assessment from the Howard Government on the way forward for nuclear power.

For more on the implications for the Australian job market, visit Rod Adams.

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