🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

German minister reignites coalition row with call to review nuclear exit

Published 01/02/2023, 12:23 PM
Updated 01/02/2023, 12:25 PM
© Reuters. FILE PHOTO: German Transport Minister Volker Wissing holds a mobile phone at the attend the weekly cabinet meeting in Berlin, Germany November 30, 2022. REUTERS/Lisi Niesner/File Photo

BERLIN (Reuters) - Germany's transport minister called for an expert committee to examine whether the lifespan of the country's nuclear plants should be extended, reopening a row within Chancellor Olaf Scholz's coalition.

Germany's rush to free itself from imported Russian fuels after Moscow's invasion of Ukraine spurred calls for the country's three remaining nuclear plants to be kept open rather than shut at the end of 2022.

Late last year, Social Democrat Scholz attempted to suppress a row between the environmentalist Greens, strong proponents of an exit from nuclear power, and the liberal Free Democrats by ordering that all three be kept running until April.

But Free Democrat Transport Minister Volker Wissing reignited the argument, telling the Frankfurter Allgemeine that the environmental benefits of electric cars would be reduced unless they were charged using nuclear energy, which is emissions-free.

"We need an expert answer to the question of how we can ensure we have stable and affordable energy supplies while also achieving our climate protection goals," he told the newspaper in an interview published on Monday evening.

Critics of the nuclear exit say it could force Germany to rely more than planned on coal, which is more polluting than gas, during the transition to renewable energy.

© Reuters. FILE PHOTO: German Transport Minister Volker Wissing holds a mobile phone at the attend the weekly cabinet meeting in Berlin, Germany November 30, 2022. REUTERS/Lisi Niesner/File Photo

The pro-business liberals, lonely centre-right figures in a coalition dominated by two centre-left parties, are languishing in the polls and have suffered setbacks in regional elections. They hope a January party conference will offer the chance of a relaunch.

The Greens strongly oppose revisiting Germany's nuclear exit, which was introduced in response to the 2011 disaster at Japan's Fukushima nuclear plant. Advocates of the policy say an extension would be costly and that more can be achieved by building out renewables.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.