Phase Out vs. Cash In

“Fukushima changed my attitude towards nuclear energy,” she said.

Now, though, it would appear that German industry is relying on government assistance to pursue the construction of nuclear power plants abroad.

Four applications for government export guarantees on nuclear power plant projects are currently under consideration. Known as Hermes guarantees, the program protects German companies from non-payment on overseas deals. The four projects are located in Finland, Great Britain, China and India.

“The nuclear phaseout must also apply to export guarantees.”

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