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European Commission approves Germany’s plan for funding radioactive waste management

Reuters 16th June 2017, The European Commission said on Friday it had approved Germany’s plan to
create a public fund to deal with radioactive waste. Germany intends to
take over the liabilities relating to management of radioactive waste and
spent fuel from nuclear power plant operators.

They would have to pay in about 24.1 billion euros ($26.9 billion). This is made up of a basic amount
equivalent to the provisions already set aside by the operators for this
purpose and a risk premium aimed at covering the risk of cost increases in
the future.

The Commission concluded that the move did involve state aid
because of uncertainties over the cost of a repository for waste and the
possibility of cost overruns. Germany regards the measure as necessary as
it seeks to phase out nuclear energy production by 2022.  http://www.reuters.com/article/us-germany-eu-nuclearpower-subsidies-idUSKBN197144

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June 19, 2017 - Posted by | Germany, Legal

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