Eager to pacify the country’s nuclear energy concerns, outraged at proposals
to introduce a nuclear fuel tax, Germany’s coalition government has now
reportedly indicated that it is open to the idea of finding alternative revenue
streams.
Although Germany’s Finance Minister Wolfgang Schäuble has made clear
that the amount of revenue sought by the government is non-negotiable (EUR9.2bn
over the course of the next four years), he has, nevertheless, revealed that
he is flexible as regards the precise means of obtaining it.
Currently in dialogue with the country’s energy companies, the
government is believed to be considering a proposal whereby companies would
issue corporate bonds, the proceeds of which would flow directly into the state
treasury, and a common energy fund established. In return, the government would
agree to an extension of the working life of nuclear power stations.
Nuclear power plant operators had vowed to initiate legal action if necessary
to prevent the highly controversial fuel tax from entering into force. Claims
that the proposals raise serious legal concerns have since been substantiated
by legal experts, who have confirmed that the measure would indeed contravene
European Union regulations, which clearly stipulate that nuclear energy must
not be unfairly burdened as a source of energy.
Contained in the government’s recently unveiled savings package, the
proposed levy was due to generate in the region of EUR2.3bn a year in additional
revenue for the government.
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