Germany agrees to plug nuclear liability loophole (June 2016)

The German government passed a regulation on Wednesday that aims to ensure utility companies remain liable for the costs of shutting down nuclear power plants even if they split up.

BERLIN: The German government passed a regulation on Wednesday that aims to ensure utility companies remain liable for the costs of shutting down nuclear power plants even if they split up.

Germany decided to end nuclear power by 2022 following Japan’s Fukushima disaster five years ago.

Chancellor Angela Merkel’s cabinet said it would adopt recommendations made by a commission requiring Germany’s utilities to pay 23.3 billion euros (18 billion pound) into a state fund to cover the costs of storing nuclear waste.

This included a provision that will make all parts of a company liable for the costs of Germany’s nuclear shut down even if the utility has split up, the Economy Ministry said.

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Posted 01 Jun 2016 16:45 on Channel News Asia at http://www.channelnewsasia.com/news/world/german-cabinet-approves-s/2836012.html

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