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Transparency Act.

Country/Territory
Germany
Document type
Legislation
Date
2017
Source
FAO, FAOLEX
Original source
Bundesgesetzblatt, Part I, No. 5, 2 February 2017, pp. 125-127.
Long title
Act on transparency regarding the costs of decommissioning and dismantling nuclear power plants and the packaging of radioactive waste.
Subject
Energy, Waste & hazardous substances
Keyword
Nuclear energy Hazardous waste Packaging/labelling Institution Legal proceedings/administrative proceedings Waste management
Geographical area
Alps, Europe, Europe and Central Asia, European Union Countries, North Sea, North-East Atlantic, Western Europe
Abstract

The present Act enforces the Federal Atomic Energy Act of 23 December 1959. In particular, the Act sets out certain requirements regarding transparency and grants the Federal Office for Economic Affairs and Export Control the right to access certain information. Under this legislation, operators must provide a detailed list of the provisions they have made, broken down by disposal-related tasks. This list must be based upon the company’s annual financial statement and feature a forecast of the expenditure for each task and for the coming financial years. Furthermore, the document must also show what liquid assets the operator will have at the time of each payment. This is to ensure that all tasks, including the ones for the financing of which operators retain direct responsibility, are financially covered, and to give the government clarity on how the cost estimates used to calculate the amount of provisions needed come into being. There are no plans for changing the applicable accounting provisions. The text consists of 9 articles.

Full text
English
Website
www.bgbl.de