Germany's Merkel shrugs off nuclear industry attack on tax plans

23 August 2010 - German Chancellor Angela Merkel dismissed angry calls by German business leaders to scrap a planned tax on nuclear energy production which they call a threat to investment.
 
Asked whether taxes on the nuclear energy sector amounting to EUR2.3bn ($2.9bn) per year would still be introduced, Merkel replied, "Of course," in an interview to air later Sunday on ZDF public television, reported AFP.
 
She said she assumed the tax would be in the form of a direct levy on nuclear power plants, in exchange for an extension of the reactors' lifetimes beyond a planned shutdown in around 2020 agreed by a previous government.
 
"We (the cabinet) proposed a tax on nuclear power plants and as long as there is no other proposal on the table, this is the tax that will come," she said.
 
Some 40 business leaders lashed out at the government in a full-page newspaper ad Saturday warning that the proposed tax on the country's 17 nuclear power plants would hamper investment in Europe's biggest economy during a nascent recovery.
 
While the environment ministry wants some of the revenue from a nuclear energy tax to go toward promoting renewable energies such as wind or solar power, Merkel said it would go toward balancing the budget.
 
Merkel underlined her centre-right government's commitment to slowing the phase-out of nuclear power agreed by her predecessor Gerhard Schroeder, arguing that Germany is not ready to do without the energy it supplies.
 
"I am firmly convinced that it is necessary to allow the nuclear power plants to run longer," she told ZDF. Merkel's government aims to unveil a broad energy policy overhaul by the end of September, including a new plan for the nuclear phase-out.

Sponsored by FLSmidth

Related Articles

NRC: DOE’s Yucca Mountain R&D meet NRC requirements

The staff of the U.S. Nuclear Regulatory Commission (NRC) published Volume 4 of its safety evaluation report on a proposed underground used nuclear fuel repository in Nevada.

Westinghouse continues to provide nuclear fuel to French power plants

Westinghouse Electric Co. and EDF signed a new long-term nuclear fuel contract to support EDF’s nuclear power plants in France.

Follow Power Engineering on Twitter

Latest News

Duke Energy to build solar power facility at North Carolina military camp

POWER-GEN International 2014 Keynote Session

Power Engineering Photo of the Day

Vermont bill would set new standards for renewable energy

Vermont is considering a change to its energy policy that would end a practice that critics s...

Senate panel passes energy-efficiency utility bill

Major utility companies would be able to develop their own energy-efficiency programs and cha...

Oklahoma lawmakers want changes to state wind farm subsidies

Two Oklahoma lawmakers have filed legislation to alter state tax subsidies for new wind farms...

Feds seek public input on coastal NC wind energy study

The federal government is inviting the public to comment on an environmental assessment that ...

Regulators: Work environment improves at Palisades plant

The work environment has improved at Palisades Nuclear Plant in southwestern Michigan followi...

Hinkley Point B nuclear reactor taken offline for scheduled maintenance

One of two nuclear reactors at Hinkley Point B in the UK was taken out of service for a £40 m...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Product Listings

Nondestructive Examination and Testing

Advanced nondestructive examination, NDE, techn...

Engineering Services

Structural Integrity Associates, Inc. (SI) is a...

Buyers Guide Company Listings

Power Industry Wire News

Texas Crowdfunding Seminar Set for February 11, 2015 in Austin to Introduce Entrepreneurs and Startups to a New Way of Raising Up to $1 Million per Year via Texas Equity Crowdfunding Portals

Texas Crowdfunding Seminar Set for February 11, 2015 in Austin to Introduce Entrepreneu...

How Will the Drilling Slowdown Affect the U.S. Industrial Landscape? - an Industrial Info News Alert

How Will the Drilling Slowdown Affect the U.S. Industrial Landscape? - an Industrial In...

American Leisure Holdings Subsidiary Receives Commitment Letter to Broker the Sale of Drilling Byproduct

American Leisure Holdings Subsidiary Receives Commitment Letter to Broker the Sale of D...

Intergraph(R) Webinar January 29th to Discuss PV Elite(R) 2015 New Capabilities and Other Enhancements

Intergraph(R) Webinar January 29th to Discuss PV Elite(R) 2015 New Capabilities and Oth...

Con Edison to Report 2014 Earnings on February 19

Con Edison to Report 2014 Earnings on February 19

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>