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Edition: U.S. Article Comments (3) Slideshow Video Editor's Choice Lockheed's cyber cops sift through hacker evidence Atlantic bluefin tuna on U.S. environmental watchlist German government wants nuclear exit by 2022 at latest Stay away from energy drinks, doctors say Shuttle leaves space station to begin trip home Ice melt to close off Arctic's interior riches: study MSG linked to weight gain Robots have learned to talk the talk Burping cows more climate friendly than thought Video: Waterspout hits Australian waters Follow Reuters Facebook Twitter RSS YouTube Read German government wants nuclear exit by 2022 at latest | 11:23am EDT EU racing to draft second Greek bailout: sources | 8:41am EDT Air France crash sparks pilot mystery 27 May 2011 UPDATE 2-Italy to bring forward deficit-cutting decree-sources 23 May 2011 Roadside bomb kills seven NATO troops in Afghanistan 26 May 2011 Discussed 83 Netanyahu speech eyed for sign of U.S.-Israel rift 75 $1 trillion on the table in U.S. debt talks 54 Judge voids controversial Wisconsin union law Watched Sarah Palin's Rolling Thunder Sun, May 29 2011 GM pulls the plug Fri, May 27 2011 Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 German government wants nuclear exit by 2022 at latest Tweet Share this By Annika Breidthardt BERLIN (Reuters) - Germany plans to shut all nuclear reactors by 2022, Chancellor Angela Merkel's ruling coalition announced on Monday, in a policy reversal drawn up in a rush after the Fukushima disaster in Japan. The... Email Print Factboxes German nuclear plants in closure plan 6:15am EDT Fiscal effects from German nuclear power phase-out 9:57am EDT Related News Analysis: Merkel maps nuclear exit with eye on Green vote 11:23am EDT Germany needs work before atom exit: EU official 7:31am EDT Analyst View: Germany's nuclear exit plan 7:09am EDT Germans miss point with nuclear shutdown date: Sweden 8:16am EDT Analysis & Opinion U.S. energy’s steady middlemen look neglected Africa is open for business Related Topics World » Green Business » Related Video Germany to phase out nuclear power Sun, May 29 2011 1 / 3 A combination of files pictures shows German nuclear power plants (top L to bottom right) in Brunsbuettel, Unterweser, Brokdorf, Kruemmel, Emsland, Grohnde, Biblis A, Biblis B, Grafenrheinfeld, Philippsburg, Neckarwestheim and Isar 1 and 2. Germany will shut all its nuclear reactors by 2022, leaders of its ruling coalition agreed May 30, 2011, in a reaction to Japan's Fukushima disaster that marks a drastic policy reversal and could still face stiff opposition. Credit: Reuters/Staff/Files By Annika Breidthardt BERLIN | Mon May 30, 2011 11:23am EDT BERLIN (Reuters) - Germany plans to shut all nuclear reactors by 2022, Chancellor Angela Merkel's ruling coalition announced on Monday, in a policy reversal drawn up in a rush after the Fukushima disaster in Japan. The coalition, sensitive to accusations it may increase dependence on highly polluting brown coal, said it planned to cut power use by 10 percent by 2020 and further expand the use of renewables such as wind and solar power. Merkel may be hard pressed to sell the plan as anything but a political defeat at the hands of Social Democrat and resurgent Green rivals. Tens of thousands of people demonstrated against nuclear energy at the weekend all across Germany. The proposal, which quickly came under fire from abroad, may be even more ambitious than the nuclear exit planned when the Social Democrats (SPD) and Greens were in power in 2000. It takes 8 of 17 nuclear plants offline now and 6 more by 2021. But the most drastic decision by an industrialized country after Fukushima could still face opposition from utility firms. In financial markets, share prices of renewables surged higher. SolarWorld was up 9.8 percent, Q-Cells gained 13.9 percent and Renewable Energy and Vestas both gained 3.1 percent. Only nine months ago Merkel announced an extension of the lifespan of unpopular nuclear plants by an average 12 years. In March, after Japan's earthquake and tsunami, she reversed that and put Germany's entire energy strategy under urgent review. "Our energy system has to be fundamentally changed and can be fundamentally changed. We want the electricity of the future to be safer and, at the same time, reliable and economical," Merkel told reporters on Monday. To accompany the nuclear exit, Germany plans to cut electricity usage by 10 percent by 2020 and double the share of renewable energy sources to 35 percent over the same period, according to a government paper seen by Reuters. Merkel did not outline further details of the plan but the government paper said Germany's goal of reducing greenhouse gas emissions by 40 percent by 2020 remained in place. She holds a news conference at 10 a.m. EDT with Environment Minister Norbert Roettgen and Economy Minister Philipp Roesler. "(It's) definite: the latest end for the last three nuclear power plants is 2022," Roettgen said before leaving the late-night meeting in the chancellor's office by bicycle. A disputed 2.3 billion euro a year tax on spent fuel rods will not be scrapped even as the coalition plans to go ahead with the shutdown, Roettgen said. But the government could still lose 2 billion euros a year in revenues, one official said. Most voters in Germany oppose atomic energy, which provided 23 percent of overall power before the seven oldest stations were shut down in March. Sweden, whose state-owned power group Vattenfall operates two of Germany's nuclear plants, said setting a date to shut them was the wrong approach. Berlin should instead focus on boosting the use of renewable energy. NO POLITICAL WIN Merkel's about-turn has done little to gain her support, but has drawn scorn from the opposition and her own party ranks. "Closing down a little bit is not possible," said Greens party co-leader Claudia Roth, referring to coalition plans to keep one of the older plants as a "cold reserve" for two years. Nuclear policy is heavily disputed in Germany and the issue helped boost the Greens, who won control of one of the CDU's stronghold states, Baden-Wuerttemberg, in a March vote. Merkel's majority in the Bundesrat upper house, where the states are represented, vanished last year after the CDU failed to hold onto the populous North Rhine-Westphalia state. Losing Baden-Wuerttemberg, a vote held in the shadow of the Fukushima nuclear crisis, dealt another blow to Merkel's authority. Germany's largest power provider RWE, which had suggested ending nuclear power in 2025, signaled its opposition to the deal and said it would keep "all legal options open." "The end (of nuclear power in Germany) by 2022 is not the date we had hoped for," a spokesman said, declining to comment on the effect of the decision on the company's earnings. The decision could still face opposition from RWE's peers E.ON, Vattenfall and EnBW, the other three utility companies that run the 17 plants. German industry association BDI said the exit would push up energy prices, make it more difficult to reach emissions targets and would mean that "the shortfall of nuclear power will have to be compensated by coal and gas power stations." German baseload power in the wholesale market on Monday rose 70 cents from Friday to 60.20 euros a megawatt hour. Shares in utilities E.ON and RWE fell 2.2 and 2.4 percent respectively at the open. NO WAY BACK A massive earthquake and tsunami in March crippled Japan's Fukushima plant, causing releases of radioactivity, stirring calls for tougher global safety measures and prompting some governments to reconsider their nuclear energy strategy. The German decision still needs to go through parliament and leaders of the opposition Social Democrats and the Greens were present at parts of the meeting to enable a broad consensus. Roettgen said there would be no clause allowing for revision of the deal in future. The coalition also wants to keep a nuclear tax, which was expected to raise 2.3 billion euros ($3.29 billion) a year from this year, but so far has not been levied. With the immediate exit of eight plants, it will raise less than envisaged. It had considered dropping the tax in return for the utilities not suing the government over an early exit. (Reporting by Annika Breidthardt, Andreas Rinke and Hans-Edzard Busemann; additional reporting by Vera Eckert, Peter Dinkloh, Josie Cox and Jonathan Gould in Frankfurt, editing by Philippa Fletcher and Ralph Boulton) World Green Business Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (3) edthec wrote: A dramatic step………….backward! May 30, 2011 6:53am EDT -- Report as abuse mohamedmohsen wrote: Nuclear is dangerous, one has to keep developing a more safe design that covers the new experience. The current technology on earth will dictate the use of nuclear, with a increased safety and backup redundancies but not scrap the nuclear power generation all together. unfortunately politicians with no high in sights or with great ambition to take over.., are utilizing or being pressured by the peoples fears. The Question is Do we let it blow off before discussing with people or go at odds with the voters loose next election and say what is good for the country in real. May 30, 2011 7:20am EDT -- Report as abuse aunty_social wrote: Finally a nation where common sense prevails over fiscal policy. Since Chernobyl we have had nuclear accident after accident, 90% of accidents we have probably never even been aware of. Nuclear may make a come back with a working fusion reactor but fission is at its core unstable and is a backwards technology. Nuclear as well as fossil energy is Unsafe. Unclean. Unsustainable Green energy will make huge progress in the next 20 years where we will see not only technological but biological reactors. May 30, 2011 10:19am EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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