Germany readies $26 billion fund for nuclear waste disposal

October 19, 2016 1:53 PM

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The German government has approved a plan that will see operators of the country's nuclear power plants pay some 23.5 billion euros ($26 billion) into a fund to finance the storage of radioactive waste as Germany exits atomic energy.

Germany decided after Japan's Fukushima nuclear disaster five years ago to switch off all its nuclear plants by the end of 2022, and is aiming to generate 80 percent of its electricity from renewable sources by 2050. Eight reactors remain online.

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