Hooray – Initial Election Results from Germany Indicate Nuclear Phase Out Plan May Be Reconsidered

ByRod Adams

According a Reuters article titled Merkel wins German vote, on track for center-right government, Frank-Walter Steinmeier, the leader of the Social Democrat Party, has admitted that his party has suffered a “bitter defeat”. The initial results indicate that Angela Merkel will be able to form a coalition that unites her center-right party with the Free Democrats (FDP), which tends to be a pro-business group that has made it clear that they do not want to follow through with the SPD/Green party nuclear phase out plan initially negotiated by Gerhard Schroeder.

Together with the FDP, Merkel would be expected to push for tax relief and extend the lifespan of German nuclear plants that are scheduled to be phased out over the next decade.

That is good news for all people who breathe in Europe.

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Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

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