Europe endorses Belgian state guarantee for nuclear risks

Friday, 14 July 2017 20:22
Europe endorses Belgian state guarantee for nuclear risks © Belga
The European Commission has given its approval to the guarantee provided by the Belgian State for operators of nuclear power plants.
This guarantee improves the compensation of potential victims in the event of a nuclear accident, without giving economic advantages to the operators, according to the Commission.

At the end of 2016, the European competition services examined the Belgian law stipulating that responsible nuclear operators are obligated to compensate their victims up to 1.2 billion euros for a period of up to 30 years after a disaster. To cover such a risk, operators have generally turned to the private market, but the law also provides a state guarantee for nuclear damage that can not be covered by special insurance.

The Commission does not consider this guarantee to be state aid, it said on Friday. The level of the annual premium paid by the operators for this guarantee leads to the conclusion that they will not benefit economically and that the insurance market will not be harmed.

Oscar Schneider
The Brussels Times
Google Plus

More Stories

Brussels would not stop the closure of the Grand Mosque, insists Philippe Close

Brussels would not stop the closure of the Grand Mosque, insists Philippe Close

Brussels mayor Philippe Close has said he does not have a say in whether the Grand Mosque will be closed or not.

Reducing CO₂ emissions by 40% is not ambitious enough

Reducing CO₂ emissions by 40% is not ambitious enough

Belgium wants to encourage the European Union to reduce CO₂ by "more than 40%" by 2030, after the majority federal parties finally reached a consensus.

Walloon motorists not convinced section speed cameras are useful

Walloon motorists not convinced section speed cameras are useful

Walloon motorists are much less convinced section speed cameras have a positive impact on road safety than their Flemish counterparts.