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IIRC in Germany the nuclear power operators were essentially allowed to put aside large amount of money taxfree to be used for decommissioning. They used those
by cycomanic 6y ago
IIRC in Germany the nuclear power operators were essentially allowed to put aside large amount of money taxfree to be used for decommissioning. They used those funds to expand into many other areas (so they could use the funds for high risk investment). I will try to find a source.
- cycomanic 6y agoOk adding as another comment. The situation is actually more complicated than that see [1]. Essentially it comes to book keeping, however after 2017 the operators had to pay into a government fund to ensure sufficient funds to decommissioning (currently this holds 24 billion euro). Estimated decommissioning cost for a nuclear power plant are 1.2 billion euro (there is some dispute about the numbers though). This number does not include wast storage. [1] https://www.iwr-institut.de/de/presse/presseinfos-kernenergie/201-akw-abriss-von-rueckstellungen-gedeckt-milliardenrisiken-drohen https://www.iwr-institut.de/de/presse/presseinfos-kernenergi... (sorry only in German)
- eru 6y agoThanks! (I'm German as well. But for other people: Google Translate has gotten really good.)