Coal and gas-fired power plants will continue operating longer under the coalition’s $330 billion nuclear transition plan, which includes building seven nuclear power plants by the mid-to-late 2030s. The plan aims for renewables to make up over half of Australia’s energy grid by 2050, with nuclear accounting for just under 40 percent. However, some experts argue that nuclear energy is not cost-effective compared to renewables, with concerns raised about the impact of delaying coal power station closures on carbon emissions.
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Trump, EU’s von der Leyen to meet to clinch trade deal
European Commission President Ursula von der Leyen is meeting with US President Donald Trump to negotiate a trade deal that could impose a 15% baseline tariff on EU goods, potentially alleviating uncertainty for EU companies, while Trump considers imposing a 30% tariff on August 1. The deal may include exemptions for certain industries and commitments for increased US exports, with both sides optimistic about reaching an agreement. Want More Context? 🔎
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