Part 8/10:
The economic repercussions extend beyond environmental concerns. Continued commitments to high-energy costs threaten Australia's ability to remain competitive in emerging technological sectors, particularly artificial intelligence (AI). As premier economies invest heavily in nuclear power—seen in the United States and Europe—to ensure abundant, cheap electricity crucial for AI development, Australia's energy policy risks leaving it behind.
Energy is fundamental to economic prosperity—the way we produce and consume power directly influences our wealth and future competitiveness. A misguided focus on carbon taxes, especially without embracing nuclear power, could accelerate economic decline and diminish Australia's prospects in the AI-driven global economy.