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Chancellor signals possibility of reconsidering plant closures
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Political compromise may be needed for nuclear extension
German Chancellor Olaf Scholz signaled that his government might consider extending the life of the country’s three remaining nuclear plants as it seeks to bolster its energy security.
“The economy minister has commissioned an intensified worst-case scenario calculation. Let’s have a look at that,” Scholz said, when asked Friday whether he might reconsider Germany’s decision to switch off the units at the end of the year.
Germany, the European Union’s largest economy, is at the center of an energy crisis that has gripped the bloc. EU governments have been racing to find alternative supplies ahead of winter, after Russia’s invasion of Ukraine sent fuel and power prices to record levels earlier this year. The supply crunch continues to have ripple effects in the broader economy.