The chair of Australia’s largest group of clean energy investors has described the federal Coalition’s push for nuclear power as a “gas Trojan horse,” and a political wedge intended to douse investment in renewables and prolong the use of fossil fuels.
John Martin, CEO of renewables developer Windlab and chair of the Clean Energy Investor Group, on Monday named wedge politics as one of the biggest issues holding back the shift to renewables in Australia, describing the current industry status quo as “really, really challenging”.
“Australia is the land of wedges,” Martin told the 2024 Clean Energy Investor Conference in Melbourne.
“When I think of the whole nuclear debate, I don’t see that as really about nuclear. It’s a gas Trojan horse,” Martin told the conference.
“If you do any modelling, what will happen? The coal will go, nuclear will take forever, none of us are going to invest in renewables knowing we can’t compete against........