Wednesday, May 11, 2011
German Politics Getting Stupid on Nuclear Power
The nuclear phase-out carries enormous legal risks for the German government. If the industry sues the government for compensation, the potential damages could quickly shoot into the double-digit billions.
The government is placing its hopes in two arguments. First, the utilities have no alternative, given that the former SPD/Green Party coalition also demanded a rapid phase-out. Second, the coalition will sweeten the deal for the energy industry with the prospect of a profitable switch to gas and renewable energy. (Spiegle Online, 5/10/2011)