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Prolonging nuclear power in Germany – damaging to society and investment

“We are further than ever away from a consensus in society, …that is a bad basis for investments,”

German local utilities, renewables slam nuclear plan. (Reuters)(Reporting by Vera Eckert in Munich, Anneli Palmen in Duesseldorf and Christoph Steitz in Frankfurt; editing by Keiron Henderson) 6 Sept 10, – A decision to extend the lifespans of German nuclear plants in a two-tier strategy will create more dissent and discourage investment, associations for the country’s local utilities and renewable industry said.

Chancellor Angela Merkel’s coalition government agreed on Sunday to the plan after marathon talks laid the groundwork on energy policy.

“The government has been one-sided and took the position of the big energy companies,” Stephan Weil, who heads the 1,370-company strong local utility association VKU, told Reuters on the sidelines of an energy conference in Munich.

“We are further than ever away from a consensus in society, …that is a bad basis for investments,” he said……

The plans also drew protest from Germany‘s renewable energy industry that has grown to become a noticeable player in Germany, accounting for more than 16 percent of gross power consumption in Europe’s biggest economy in 2009…….

German local utilities, renewables slam nuclear plan | Reuters

September 6, 2010 - Posted by Christina Macpherson | general | antinuclear, nuclear, nuclear costs, reactors